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We study preferences for timing of resolution of objective uncertainty in a menuchoice model with two stages of information arrival. We characterize a general class of utility representations called hidden action representations, which interpret an intrinsic preference for timing of resolution...
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We study preferences for timing of resolution of objective uncertainty in a menu-choice model with two stages of information arrival. We characterize a general class of utility representations called hidden action representations, which interpret an intrinsic preference for timing of resolution...
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study, I examine how introducing a time delay into the execution of an investment plan influences individuals' risk …Attitudes toward risk underlie virtually every important economic decision an individual makes. In this experimental … preferences. The field experiment proceeded in three stages: a decision stage, an execution stage and a payout stage. At the …
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We study the classic divide-and-choose method for equitably allocating divisible goods between two players who are rational, self-interested Bayesian agents. The players have additive private values drawn from common priors. We characterize the structure of optimal divisions in the...
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