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for remaining in doubt. I then use this model to analyze the connection between preferences of this nature and risk …
Persistent link: https://www.econbiz.de/10010547096
for remaining in doubt. I then use this model to analyze the connection between preferences of this nature and risk …
Persistent link: https://www.econbiz.de/10010552495
outcome, and preferences for remaining in doubt. Doubt-proneness and doubt-aversion are defined, and the relation between risk …-aversion, caution and doubt-attitude is explored. The model builds on the standard vNM framework, but other frameworks can also be … extended to allow for preferences for observing the outcomes and preferences for remaining in doubt. A methodology for this …
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While neo-classical analysis works well for studying impersonal exchange in markets, it fails to explain why people conduct themselves the way they do in their personal relationships with family, neighbors, and friends. In Humanomics, Nobel Prize-winning economist Vernon L. Smith and his...
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