Cognition in Seemingly Riskless Choices and Judgments
Louis Lévy-Garboua and
Claude Montmarquette
Papiers du Laboratoire de Microéconomie Appliquée from Université Panthéon-Sorbonne (Paris 1)
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.
Keywords: RISK; HOUSEHOLD; TESTS (search for similar items in EconPapers)
JEL-codes: C40 C44 C90 C93 D00 (search for similar items in EconPapers)
Pages: 19 pages
Date: 1995
References: Add references at CitEc
Citations: View citations in EconPapers (2)
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Related works:
Journal Article: COGNITION IN SEEMINGLY RISKLESS CHOICES AND JUDGMENTS (1996) 
Working Paper: Cognition in Seemingly Riskless Choices and Judgments (1996) 
Working Paper: Cognition in Seemingly Riskless Choices and Judgments (1996) 
Working Paper: Cognition in Seemingly Riskless Choices and Judgments (1996)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:fth:parima:1995-04
Access Statistics for this paper
More papers in Papiers du Laboratoire de Microéconomie Appliquée from Université Panthéon-Sorbonne (Paris 1) UNIVERSITE DE PARIS I-PANTHEON-SORBONNE, CENTRE NATIONALE DE RECHERCHE SCIENTIFIQUE, LABORATOIRE DE MICROECONOMIE APPLIQUEE, 90 DE TOLBIAC 75634 PARIS CEDEX 13 FRANCE.. Contact information at EDIRC.
Bibliographic data for series maintained by Thomas Krichel ().