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The three notions studied here are Bayesian priors, invariant priors and introspection. A prior for an agent is … Bayesian, if it agrees with the agent's posterior beliefs when conditioned on them. A prior is invariant, if it is the average …, with respect to itself, of the posterior beliefs. Finally, an agent is introspective, if he is certain of his own beliefs …
Persistent link: https://www.econbiz.de/10005407560
primitives such as preferences and beliefs. I review strong biological and behavioral evidence indicating that trusting is not … preferences and beliefs, and it suggests ways to examine and interpret a causal role of trust. …
Persistent link: https://www.econbiz.de/10010269174
conditional probabilities to model the beliefs of the players, Heifetz and Samet avoided using conditional probabilities formally … suggest that the concept of common prior is not appropriate to determine the players' beliefs. Two examples are also given. …
Persistent link: https://www.econbiz.de/10005407523
primitives such as preferences and beliefs. I review strong biological and behavioral evidence indicating that trusting is not … preferences and beliefs, and it suggests ways to examine and interpret a causal role of trust. …
Persistent link: https://www.econbiz.de/10011600798
primitives such as preferences and beliefs. I review strong biological and behavioral evidence indicating that trusting is not … preferences and beliefs, and it suggests ways to examine and interpret a causal role of trust. …
Persistent link: https://www.econbiz.de/10005018701
beliefs of depositors, who overestimate the probability that a bank run is underway. Loss-aversion has a predictive power on …
Persistent link: https://www.econbiz.de/10011944907
primitives such as preferences and beliefs. I review strong biological and behavioral evidence indicating that trusting is not … preferences and beliefs, and it suggests ways to examine and interpret a causal role of trust. …
Persistent link: https://www.econbiz.de/10005700964
beliefs of depositors, who overestimate the probability that a bank run is underway. Loss-aversion has a predictive power on …
Persistent link: https://www.econbiz.de/10011684569
primitives such as preferences and beliefs. I review strong biological and behavioral evidence indicating that trusting is not … preferences and beliefs, and it suggests ways to examine and interpret a causal role of trust. …
Persistent link: https://www.econbiz.de/10011634169
A trustor faces a risky choice in the trust game when he acts upon his belief regarding the chances of betrayal by the trustee. Despite intensive research there is no clear evidence for a link between lottery risk preferences and risk involved in trusting others. We argue that this is due to...
Persistent link: https://www.econbiz.de/10015245011