Reverse Bayesianism: A Generalization

Edi Karni, Quitze Valenzuela-Stookey () and Marie-Louise Vierø ()
Additional contact information
Quitze Valenzuela-Stookey: Northwestern University
Marie-Louise Vierø: Queen's University
Authors registered in the RePEc Author Service: Marie-Louise Vierø

No 1400, Working Paper from Economics Department, Queen's University

Abstract: This paper studies an environment in which a decision maker choosing between acts may initially be unaware of certain consequences. We follow the approach of Karni and Viero (2013) to modeling increasing awareness, which allows for the decision maker's state space to expand as she becomes aware of new possible consequences. We generalize the main result in Karni and Viero (2013) by allowing the discovery of new consequences to nullify some states that were non-null before the discovery. We also provide alternative assumptions which strengthen the predictions of the belief updating model.

Keywords: falsification; Growing awareness; reverse Bayesianism (search for similar items in EconPapers)
JEL-codes: D8 D81 D83 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2018-03
New Economics Papers: this item is included in nep-mic
References: View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.econ.queensu.ca/sites/econ.queensu.ca/files/wpaper/qed_wp_1400.pdf First version 2018 (application/pdf)

Related works:
Journal Article: Reverse Bayesianism: A Generalization (2021)
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:qed:wpaper:1400

Access Statistics for this paper

More papers in Working Paper from Economics Department, Queen's University Contact information at EDIRC.
Bibliographic data for series maintained by Mark Babcock ().