Year: 2013
Type: preprint
Abstract: This note questions the behavioral content of second-order acts and their use in decision theoretic models. We show that there can be no verification mechanism to determine what the decision maker receives under a second-order act. This impossibility applies even in idealized repeated experiments where infinite data can be observed. JEL Classification Numbers:
Authors: Nabil I. Al‐Najjar, Luciano I. de Castro
Language: English
Subfield: General Decision Sciences
Field: Decision Sciences
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2139276614