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We consider collective decisions under uncertainty, when agents have generalized Hurwicz preferences, a broad class allowing many different ambiguity attitudes, including subjective expected utility preferences. We consider sequences of acts that are "almost-objectively uncertain" in the sense...
Persistent link: https://www.econbiz.de/10014635439
We consider collective decisions under uncertainty, when agents have "generalized Hurwicz" preferences, a broad class allowing many different ambiguity attitudes, including subjective expected utility preferences. We consider sequences of acts that are “almost-objectively uncertain” in the...
Persistent link: https://www.econbiz.de/10014241802
present a model which incorporates elements from the theory of information cascades with the standard model of tax evasion and …
Persistent link: https://www.econbiz.de/10003832265
Previous papers tested the validity of the Family Investment Hypothesis (FIH) among immigrants by comparing the labor market outcomes of immigrant couples and native or mixed couples. Here we propose an alternative test for the FIH which is based on a comparison between married and single...
Persistent link: https://www.econbiz.de/10003835083
present a model which incorporates elements from the theory of information cascades with the standard model of tax evasion and …
Persistent link: https://www.econbiz.de/10003894752
Persistent link: https://www.econbiz.de/10003871898
Persistent link: https://www.econbiz.de/10003975915
Persistent link: https://www.econbiz.de/10003383664
learning and price dynamics. Without ambiguity, neither herding nor contrarianism is possible. If there is ambiguity and agents … become overly exuberant (or desperate) as the asset price surges (or plummets), we establish that investor herding may drive …
Persistent link: https://www.econbiz.de/10011452902
Persistent link: https://www.econbiz.de/10001746227