P Jean-Jacques Herings,Dominik Karos,Toygar T Kerman
P Jean-Jacques Herings
We consider a group of receivers who share a common prior on a finite state space and who observe private correlated messages that are contingent on the true state of the world. Our focus lies on the beliefs of receivers induced via the sig...
Alexandros Karakostas,Giles Morgan,Daniel John Zizzo
Alexandros Karakostas
We report the results of an experiment on how individual risk taking clusters together when subjects are informed of peers' previous risk taking decisions. Subjects are asked how much of their endowment they wish to allocate in a lottery in...
Arthur E Attema,Olivier L&#x;Haridon,Gijs van de Kuilen
Arthur E Attema
In this paper, we use the risk apportionment technique of Eeckhoudt, Rey and Schlesinger (2007) to study higher order risk preferences for others' health as well as ex-ante and ex-post inequality preferences for social risky distributions, ...
Pedro Hack,Daniel A Braun,Sebastian Gottwald
Pedro Hack
We introduce a new class of real-valued monotones in preordered spaces, injective monotones. We show that the class of preorders for which they exist lies in between the class of preorders with strict monotones and preorders with countable ...
P Battigalli,S Cerreia-Vioglio,F Maccheroni et al.
P Battigalli et al.
This paper provides a general framework for analyzing self-confirming policies. We study self-confirming equilibria in recurrent decision problems with incomplete information about the true stochastic model. We characterize stationary monet...
Debiasing or regularisation? Two interpretations of the concept of 'true preference' in behavioural economics [0.03%]
无偏还是正则化？行为经济学中“真实偏好”概念的两种解释
Robert Sugden
Robert Sugden
I reconsider Bleichrodt, Pinto Prades and Wakker's (BPW) 2001 paper about eliciting utility measures from stated preference surveys. That paper pioneers a method that is now widely used in behavioural economics to correct individuals' 'bias...
Guy Barokas
Guy Barokas
The note puts forward the idea of revealed desirability, a novel instrument, which like revealed preference is observable from choice and important for individual and social welfare. We provide the axiomatic underlying individual's choice m...
When do the expectations of others matter? Experimental evidence on distributional justice and guilt aversion [0.03%]
何时在意他人的期望？关于分配公正与回避内疚的实验证据
Riccardo Ghidoni,Matteo Ploner
Riccardo Ghidoni
Distributional justice-measured by the proportionality between effort exerted and rewards obtained-and guilt aversion-triggered by not fulfilling others' expectations-are widely acknowledged fundamental sources of pro-social behavior. We de...
The differential impact of friendship on cooperative and competitive coordination [0.03%]
友谊对合作和竞争协调的不同影响分析
Gabriele Chierchia,Fabio Tufano,Giorgio Coricelli
Gabriele Chierchia
Friendship is commonly assumed to reduce strategic uncertainty and enhance tacit coordination. However, this assumption has never been tested across two opposite poles of coordination involving either strategic complementarity or substituta...
Jean-Yves Jaffray,Meglena Jeleva
Jean-Yves Jaffray
In some situations, a decision is best represented by an incompletely analyzed act: conditionally on a given event A, the consequences of the decision on sub-events are perfectly known and uncertainty becomes probabilizable, whereas the pla...