Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5072066 | Games and Economic Behavior | 2013 | 12 Pages |
Abstract
⺠When repeat choices are possible, uncertain probabilities provide opportunities for learning. ⺠People commonly fail to recognize these learning opportunities and shun uncertainty. ⺠Multiple requirements for rational decision are violated.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Stefan T. Trautmann, Richard J. Zeckhauser,