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Preference for flexibility in the absence of learning: the risk attitude effect

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  • Stefano Ficco

    ()

  • Vladimir Karamychev

    ()

Abstract

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File URL: http://hdl.handle.net/10.1007/s00199-008-0385-1
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Bibliographic Info

Article provided by Springer in its journal Economic Theory.

Volume (Year): 40 (2009)
Issue (Month): 3 (September)
Pages: 405-426

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Handle: RePEc:spr:joecth:v:40:y:2009:i:3:p:405-426

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Related research

Keywords: Individual choice; Preference for flexibility; Risk attitude; D01; D81;

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References

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  1. Tjalling C. Koopmans, 1962. "On Flexibility of Future Preference," Cowles Foundation Discussion Papers 150, Cowles Foundation for Research in Economics, Yale University.
  2. Gil Kalai & Ariel Rubenstein & Ran Spiegler, 2001. "Rationalizing Choice Functions by Multiple Rationales," Economics Working Papers 0010, Institute for Advanced Study, School of Social Science.
  3. Paola Manzini & Marco Mariotti, 2007. "Sequentially Rationalizable Choice," American Economic Review, American Economic Association, vol. 97(5), pages 1824-1839, December.
  4. Barton L. Lipman, 1995. "Information Processing and Bounded Rationality: A Survey," Canadian Journal of Economics, Canadian Economics Association, vol. 28(1), pages 42-67, February.
  5. Stefano Ficco & Vladimir Karamychev & Peran van Reeven, 2006. "A Theory of Procedurally Rational Choice: Optimization without Evaluation," Tinbergen Institute Discussion Papers 06-001/1, Tinbergen Institute.
  6. Alan Krause, 2008. "Ranking opportunity sets in a simple intertemporal framework," Economic Theory, Springer, vol. 35(1), pages 147-154, April.
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Cited by:
  1. Pamela Giustinelli, 2011. "Group Decision Making with Uncertain Outcomes: Unpacking Child-Parent Choices of High School Tracks," Working Papers 2011-030, Human Capital and Economic Opportunity Working Group.

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