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We propose nonparametric definitions of absolute and comparative naivete. These definitions leverage ex-ante choice of menu to identify predictions of future behavior and ex-post (random) choices from menus to identify actual behavior. The main advantage of our definitions is their independence...
Persistent link: https://www.econbiz.de/10011985271
Persistent link: https://www.econbiz.de/10012118935
We propose nonparametric definitions of absolute and comparative naivete. These definitions leverage ex-ante choice of menu to identify predictions of future behavior and ex-post (random) choices from menus to identify actual behavior. The main advantage of our definitions is their independence...
Persistent link: https://www.econbiz.de/10011933088
Persistent link: https://www.econbiz.de/10012424485