A man is a key subject of economics. “A man is irrational” - this opinion can be made from Allais paradox, risk …

-to-implement procedure could be adequately used. For that purpose, the subjects' degree of risk aversion is compared across three payment …

We show that when decision makers are of the multiple prior kind, there is an equivalence between no betting and non …

consequence of Hume's theory of choice. We first argue that Sugden's dismissal of the preference relation from the type of … rationality through which Hume's theory is apprehended, is highly disputable, from the point of view of both standard choice … condition of non-revision of preferences in the dynamics of passions. But, since the process of choice that we have described …

, from a Humean point of view, “belief” deals with decision under risk or uncertainty, as well with intertemporal decision …

For the reader who considers economic theory of choice as a special case of a more general theory of action, Hume … modern theories of rational choice. On the contrary, this paper arrives to the conclusion that consistency between … preferences and choice, like the usual properties of completeness and transitivity, may be considered as outcomes of a mental …

, from a Humean point of view, “belief” deals as well with decision under risk or uncertainty, as with intertemporal decision …

may be applied to several other situations in which agents have to choose the optimal exposure to a risk (choice of an …. overconfidence) as well as pessimism (resp. doubt) both emerge as optimal beliefs. Furthermore, we obtain a positive correlation … between pessimism (resp. doubt) and risk-tolerance. The consensus belief is pessimistic and, as a consequence, the risk …