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We present a method for eliciting beliefs about probabilities when multiple realisations of an outcome are available, the "frequency'' method. The method is applicable for any reasonable utility function. Unlike existing techniques that account for deviations from risk-neutrality, this method is...
Persistent link: https://www.econbiz.de/10015266279
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Persistent link: https://www.econbiz.de/10009471726
We consider the situation where a single consumer buys a stream of goods from different sellers over time. The true value of each seller's product to the buyer is initially unknown. Additional information can be gained only by experimentation. For exogeneously given prices the buyer's problem is...
Persistent link: https://www.econbiz.de/10009458572
[This item is a preserved copy. To view the original, visit http://econtheory.org/] In a general interdependent preference environment, we characterize when two payoff types can be distinguished by their rationalizable strategic choices without any prior knowledge of their beliefs and higher...
Persistent link: https://www.econbiz.de/10009455252