Título: Cognition in Seemingly Riskless Choices and Judgments.
Autores: Levy-Garboua, L.
Montmarquette, C.
Fecha: 2008-01-24
2008-01-24
1996
Publicador: Université de Montreal
Fuente:
Tipo: Article
Tema: [JEL:C50] Mathematical and Quantitative Methods - Econometric Modeling - General
[JEL:C52] Mathematical and Quantitative Methods - Econometric Modeling - Model Evaluation and Selection
[JEL:D80] Microeconomics - Information, Knowledge, and Uncertainty - General
[JEL:D81] Microeconomics - Information, Knowledge, and Uncertainty - Criteria for Decision-Making under Risk and Uncertainty
[JEL:D84] Microeconomics - Information, Knowledge, and Uncertainty - Expectations; Speculations
[JEL:C50] Mathématiques et méthodes quantitatives - Modélisation économétrique - Généralités
[JEL:C52] Mathématiques et méthodes quantitatives - Modélisation économétrique - Évaluation de modèles et tests
[JEL:D80] Microéconomie - Information et incertain - Généralités
[JEL:D81] Microéconomie - Information et incertain - Critères de prise de décision sous le risque et l'incertain
[JEL:D84] Microéconomie - Information et incertain - Attentes et spéculations
Descripción: We instillate rational cognition and learning in seemingly riskless choices and judgments. Preferences and possibilities are given in a stochastic sense and based on revisable expectations. the theory predicts experimental preference reversals and passes a sharp econometric test of the status quo bias drawn from a field study.
Idioma: No aplica