Reverse Bayesianism: A Comment

Christopher Chambers and Takashi Hayashi

American Economic Journal: Microeconomics, 2018, vol. 10, issue 1, 315-24

Abstract: Karni and Vierø (2013) present an interesting theory of decisions in the presence of new actions and consequences. We establish results on the observable implications of the model. When introducing new consequences, arbitrary preference reversals over feasible actions are permitted. This occurs even if an outside observer can uniquely pin down the decision maker's ordinal ranking over consequences.

JEL-codes: D81 D83 (search for similar items in EconPapers)
Date: 2018
Note: DOI: 10.1257/mic.20160187
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Citations: View citations in EconPapers (6)

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