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Shunning uncertainty: The neglect of learning opportunities

Article ID Journal Published Year Pages File Type
5072066 Games and Economic Behavior 2013 12 Pages PDF
Abstract
► When repeat choices are possible, uncertain probabilities provide opportunities for learning. ► People commonly fail to recognize these learning opportunities and shun uncertainty. ► Multiple requirements for rational decision are violated.
Keywords
C91D81D83G11InformationRiskUncertaintyLearning
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Shunning uncertainty: The neglect of learning opportunities
Authors
Stefan T. Trautmann, Richard J. Zeckhauser,
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Journal
Games and Economic Behavior
Journal: Games and Economic Behavior
Related Categories
C91
D81
D83
G11
Information
Risk
Uncertainty
Learning
Economics and Econometrics
Economics, Econometrics and Finance (General)
Finance
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