Showing 1 - 2 of 2
In canonical decision problems with standard assumptions, we demonstrate that inversely related payoffs and probabilities can produce expected-payoff-maximizing decisions that are independent of payoff-relevant information. This phenomenon of rational ignoring, where expected-payoff maximizers...
Persistent link: https://www.econbiz.de/10005317006
Persistent link: https://www.econbiz.de/10005299672