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A,A,A,A,A or A,A,B,C,D? Over-Diversification in Repeated Decision Problems

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Author Info
Rubinstein, A.

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Abstract

This 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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Publisher Info
Paper provided by Tel Aviv in its series Papers with number 2000-10.

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Length: 12 pages
Date of creation: 2000
Date of revision:
Handle: RePEc:fth:teavfo:2000-10

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Postal: Israel TEL-AVIV UNIVERSITY, THE FOERDER INSTITUTE FOR ECONOMIC RESEARCH, RAMAT AVIV 69 978 TEL AVIV ISRAEL.
Phone: 972-3-640-9255
Fax: 972-3-640-5815
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Web page: http://econ.tau.ac.il/research/foerder.asp
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Related research
Keywords: DECISION MAKING;

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Find related papers by JEL classification:
D00 - Microeconomics - - General - - - General
D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General

References listed on IDEAS
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  1. 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. [Downloadable!] (restricted)
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This page was last updated on 2009-11-20.

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