Reverse Bayesianism: a comment

Chambers, C. P. and Hayashi, T. (2018) Reverse Bayesianism: a comment. American Economic Journal: Microeconomics, 10(1), pp. 315-324. (doi: 10.1257/mic.20160187)

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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.

Item Type:Articles
Glasgow Author(s) Enlighten ID:Hayashi, Professor Takashi
Authors: Chambers, C. P., and Hayashi, T.
College/School:College of Social Sciences > Adam Smith Business School > Economics
Journal Name:American Economic Journal: Microeconomics
Publisher:American Economic Association
ISSN (Online):1945-7685

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