 Evidence Collection and Inductive InferenceUniversité Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL Abstract: We study a two-period model where the decision in the second period is based on the ex ante test choice. Individuals are assumed to rank pairs of an option and a trial, where an option is a finite subset of alternatives that represents second period possible choices, and a trial is a finite subset of tests that renders the information of alternatives. Several axioms yield a numerical representation through a credence function as follows. The credence function assigns numbers to alternative-test pairs. The credence number attached to an alternative-test pair can be interpreted as the degree of support that the test renders to the plausibility of the alternative. Given a trial, each alternative is assessed according to the sum of credence numbers over tests in the trial. A pair of an option and a trial is therefore ranked according to the maximum sum of credence numbers among the option with respect to the trial. Keywords: evidence collection; case-based reasoning; complexity; ex ante hedonic preference (search for similar items in EconPapers) Published in Revue Economique, 2020, Special issue dedicated to David Schmeidler, 71 (2), pp.349. ⟨10.3917/reco.712.0349⟩ There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:hal:cesptp:hal-02973213 Access Statistics for this paper More papers in Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.