A Mechanism for Eliciting Second-Order Beliefs and the Inclination to Choose

A Mechanism for Eliciting Second-Order Beliefs and the Inclination to Choose

This paper describes a direct revelation mechanism for eliciting decision makers’ introspective beliefs on sets of subjective prior or posterior probabilities. The proposed scheme constitutes a revealed-preference procedure for measuring the inclination of decision makers to choose one alternative o...

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Veröffentlicht in:American economic journal. Microeconomics 2018-05, Vol.10 (2), p.275-285
1. Verfasser: Karni, Edi
Format: Artikel
Sprache:eng
Schlagworte:
Decision making
Economic theory
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Beschreibung
Zusammenfassung:This paper describes a direct revelation mechanism for eliciting decision makers’ introspective beliefs on sets of subjective prior or posterior probabilities. The proposed scheme constitutes a revealed-preference procedure for measuring the inclination of decision makers to choose one alternative over another modeled by Minardi and Savochkin (2015).
ISSN:1945-7669
1945-7685
DOI:10.1257/mic.20160345