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assumes too little. In places, especially on the subject of Bayesianism, the paper criticizes current practice on the grounds …
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, subjected expected utility and maxmin expected utility in the presence of uncertainty, and exponentially discounted utility for …
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We hypothesise and confirm a previously unnoticed pattern within pre-existing data on the endowment effect, collected via seven experiments employing the original design. Subjects with low valuations in binary choice relative to other subjects set a proportionally higher willingness to accept....
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