Cerroni, Simone; Notaro, Sandra; Shaw, W. Douglass - In: Journal of Economic Behavior & Organization 84 (2012) 1, pp. 201-215
Using a laboratory experiment, we investigate whether incentive compatibility affects subjective probabilities elicited … subjects who are aware of the chaining strategically behave and provide invalid subjective probabilities, while subjects who … are not aware of the chaining state their real beliefs and provide valid subjective probabilities. The validity of …