Work

Reverse Bayesianism: A Comment

Year: 2018

Type: article

Abstract: Karni and Vierø (2013) present an interesting theory of decisions in the presence of new actions and consequences. We establish results on the observable implications of the model. When introducing new consequences, arbitrary preference reversals over feasible actions are permitted. This occurs even if an outside observer can uniquely pin down the decision maker's ordinal ranking over consequences. (JEL D81, D83)

Source: American Economic Journal Microeconomics

DOI: 10.1257/mic.20160187

Authors: Christopher P. Chambers, Takashi Hayashi

Institutions: Georgetown University, University of Glasgow

Language: English

Topic: Decision-Making and Behavioral Economics

Subfield: General Decision Sciences

Field: Decision Sciences

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W2592800834

FWCI: 0.208

Cites: 10

Cited by: 7

Related to: 10