| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w24030 |
| 来源ID | Working Paper 24030 |
| Probabilistic States versus Multiple Certainties: The Obstacle of Uncertainty in Contingent Reasoning | |
| Alejandro Martínez-Marquina; Muriel Niederle; Emanuel Vespa | |
| 发表日期 | 2017-11-20 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | We propose a new hypothesis, the Power of Certainty, to help explain agents' difficulties in making choices when there are multiple possible payoff-relevant states. In the probabilistic ‘Acquiring-a-Company’ problem an agent submits a price to a firm before knowing whether the firm is of low or high value. We construct a deterministic problem with a low and high value firm, where the agent submits a price that is sent to each firm separately. Subjects are much more likely to use dominant strategies in deterministic than in probabilistic problems, even though computations for profit maximization are identical for risk-neutral agents. |
| 主题 | Econometrics ; Experimental Design ; Microeconomics ; Economics of Information |
| URL | https://www.nber.org/papers/w24030 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/581704 |
| 推荐引用方式 GB/T 7714 | Alejandro Martínez-Marquina,Muriel Niederle,Emanuel Vespa. Probabilistic States versus Multiple Certainties: The Obstacle of Uncertainty in Contingent Reasoning. 2017. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w24030.pdf（1187KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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