This paper describes a direct revelation mechanism for eliciting agents' subjective probabilities. The game induced by the mechanism has a dominant strategy equilibrium in which the players reveal their subjective probabilities. Copyright 2009 The Econometric Society.

We present an axiomatic model depicting the choice behavior of a self-interest seeking moral individual over random allocation procedures. Individual preferences are decomposed into a self-interest component and a component representing the individual's moral value judgment. Each component has a...

This paper shows that: (1) the "preference reversal" phenomenon can be consistent with transitive preferences if these preferences violate the independence axiom of expected utility theory and (2) for the class of experiments that were used to produce the evidence concerning "preference...