"Reverse Bayesianism": A Choice-Based Theory of Growing Awareness

This article introduces a new approach to modeling the expanding universe of decision makers in the wake of growing awareness, and invokes the axiomatic approach to model the evolution of decision makers' beliefs as awareness grows. The expanding universe is accompanied by extension of the set...

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Veröffentlicht in:	The American economic review 2013-12, Vol.103 (7), p.2790-2810
Hauptverfasser:	Karni, Edi, Vierø, Marie-Louise
Format:	Artikel
Sprache:	eng
Schlagworte:	Axioms Bayesian analysis Bayesian method Bayesian theories Beliefs Decision analysis Decision making Decision theory Economic behaviour Economic models Economic theory Expected utility Lotteries Mathematical functions Preferences Probability Risk preferences Risk theory Spatial perception Studies Uniqueness Universe
Online-Zugang:	Volltext
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