Cognition in Seemingly Riskless Choices and Judgments

Louis Lévy-Garboua () and Claude Montmarquette ()

Cahiers de recherche from Universite de Montreal, Departement de sciences economiques

Abstract: We instillate rational cognition and learning in "seemingly riskless" choices and judgments. Preferences and possibilities are given in a stochastic sense and based on revisable expectations. the theory predicts experimental preference reversals and passes a sharp econometric test of the status quo bias drawn from a field study.

JEL-codes: C50 C52 D80 D81 D84 (search for similar items in EconPapers)
Date: Written 1996
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http://hdl.handle.net/1866/2034 (application/pdf)

Related works:
Working Paper: Cognition in Seemingly Riskless Choices and Judgments (1996)
Working Paper: Cognition in Seemingly Riskless Choices and Judgments (1995)
Working Paper: Cognition in Seemingly Riskless Choices and Judgments (1996)
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Persistent link: http://EconPapers.repec.org/RePEc:mtl:montde:9602

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