Cooke, Kevin - In: Theoretical economics : TE ; an open access journal in … 12 (2017) 3, pp. 1307-1348
I provide axiomatic foundations for a model of taste uncertainty with endogenous learning through consumption. In this setting, uncertainty is over an unobservable, subjective state space. Preference over lottery–menu pairs is sufficient to identify the state space and the learning process. In...