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Optimism and Pessimism with Expected Utility
Dillenberger, David; Postlewaite, Andrew; Rozen, Kareen - Department of Economics, University of Pennsylvania - 2011
optimism and pessimism can be captured by the stake-dependent probabilities in these alternative representations; e.g., for a …
Persistent link: https://www.econbiz.de/10009351308
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Optimism and Pessimism with Expected Utility, Fourth Version
Dillenberger, David; Postlewaite, Andrew; Rozen, Kareen - Department of Economics, University of Pennsylvania - 2011
possible outcomes of the act and suggest that these alternate representations can capture pessimism or optimism. We then extend …
Persistent link: https://www.econbiz.de/10010721457
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Optimism and Pessimism with Expected Utility, Third Version
Dillenberger, David; Postlewaite, Andrew; Rozen, Kareen - Department of Economics, University of Pennsylvania - 2011
by (dominates) the Savage distribution. We suggest that pessimism (optimism) can be captured by the stake …
Persistent link: https://www.econbiz.de/10010600835
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Optimism and Pessimism with Expected Utility, Fifth Version
Dillenberger, David; Postlewaite, Andrew; Rozen, Kareen - Department of Economics, University of Pennsylvania - 2013
possible outcomes of the act and suggest that these alternate representations can capture pessimism or optimism. We then extend …
Persistent link: https://www.econbiz.de/10011184269
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Optimism and Pessimism with Expected Utility, Second Version
Dillenberger, David; Postlewaite, Andrew; Rozen, Kareen - Department of Economics, University of Pennsylvania - 2011
distribution over states depends on the corresponding outcomes. We suggest that optimism and pessimism can be captured by the stake …
Persistent link: https://www.econbiz.de/10010569162
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Cold feet
Epstein, Larry G.; Kopylov, Igor - In: Theoretical Economics 2 (2007) 3, pp. 232-259
Individuals often lose confidence in their prospects as they approach the `moment of truth.' An axiomatic model of such individuals is provided. The model adapts and extends (by relaxing the Independence axiom) Gul and Pesendorfer's model of temptation and self-control to capture an individual...
Persistent link: https://www.econbiz.de/10011599389
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Cold feet
Epstein, Larry G.; Kopylov, Igor - In: Theoretical economics : TE ; an open access journal in … 2 (2007) 3, pp. 232-259
Individuals often lose confidence in their prospects as they approach the `moment of truth.' An axiomatic model of such individuals is provided. The model adapts and extends (by relaxing the Independence axiom) Gul and Pesendorfer's model of temptation and self-control to capture an individual...
Persistent link: https://www.econbiz.de/10011702513
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Wishful Thinking
Mayraz, Guy - Department of Economics, Faculty of Business and Economics - 2013
This paper presents a model and an experiment, both suggesting that wishful thinking is a pervasive phenomenon that aect decisions large and small. Agents in the model start out with state-dependent payos, and behave as if high-payo states are more likely. Subsequent choices maximize...
Persistent link: https://www.econbiz.de/10010903414
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An axiomatic model of 'cold feet'
Epstein, Larry G.; Kopylov, Igor - University of Rochester - Center for Economic Research … - 2007
Individuals often lose confidence in their prospects as they approach the "moment of truth." An axiomatic model of such individuals is provided. The model adapts and extends (by relaxing the Independence axiom) Gul and Pesendorfer's model of temptation and self-control to capture an individual...
Persistent link: https://www.econbiz.de/10008833206
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Cold feet
Epstein, Larry G.; Kopylov, Igor - In: Theoretical Economics 2 (2007) 3
Individuals often lose confidence in their prospects as they approach the `moment of truth.' An axiomatic model of such individuals is provided. The model adapts and extends (by relaxing the Independence axiom) Gul and Pesendorfer's model of temptation and self-control to capture an individual...
Persistent link: https://www.econbiz.de/10005730964