A,A,A,A,A or A,A,B,C,D? Over-Diversification in Repeated Decision Problems
AbstractThis paper deals with repeated decision problems which are similar to the task of guessing the color outcomes of five independent spinnings of a roulette wheel, 60% of whose slots are covered in red and 40% in white, where each correct guess yields a prize of 1$.
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Bibliographic InfoPaper provided by Tel Aviv in its series Papers with number 2000-10.
Length: 12 pages
Date of creation: 2000
Date of revision:
Contact details of provider:
Postal: Israel TEL-AVIV UNIVERSITY, THE FOERDER INSTITUTE FOR ECONOMIC RESEARCH, RAMAT AVIV 69 978 TEL AVIV ISRAEL.
Web page: http://econ.tau.ac.il/research/foerder.asp
More information through EDIRC
Other versions of this item:
- A. Rubinstein, 2000. "A,A,A,A,A or A,A,B,C,D? Over-Diversification in Repeated Decision Problems," Princeton Economic Theory Papers 00s13, Economics Department, Princeton University.
- D00 - Microeconomics - - General - - - General
- D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
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- Loomes, Graham, 1998. "Probabilities vs Money: A Test of Some Fundamental Assumptions about Rational Decision Making," Economic Journal, Royal Economic Society, vol. 108(447), pages 477-89, March.
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