Coherent Distorted Beliefs

Many models of economics assume that individuals distort objective probabilities. We propose a simple consistency condition on distortion functions, which we term distortion coherence, that ensures that the function commutes with conditioning on an event. We show that distortion coherence restricts...

Ausführliche Beschreibung

Bibliographische Detailangaben

Hauptverfasser:	Chambers, Christopher P, Masatlioglu, Yusufcan, Raymond, Collin
Format:	Artikel
Sprache:	eng
Online-Zugang:	Volltext bestellen
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!