Ambiguity as a Source of Temptation: Modeling Unstable Beliefs
Author
Abstract
Suggested Citation
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00797631
Download full text from publisher
Other versions of this item:
- André Lapied & Thomas Rongiconi, 2013. "Ambiguity as a Source of Temptation: Modeling Unstable Beliefs," AMSE Working Papers 1316, Aix-Marseille School of Economics, France.
References listed on IDEAS
- Eddie Dekel & Barton L. Lipman & Aldo Rustichini, 2009.
"Temptation-Driven Preferences,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 76(3), pages 937-971.
- Eddie Dekel & Barton L. Lipman & Aldo Rustichini, 2005. "Temptation–Driven Preferences," Boston University - Department of Economics - Working Papers Series WP2005-005, Boston University - Department of Economics.
- Dekel, Eddie & Lipman, Barton L. & Rustichini, Aldo, 2006. "Temptation-Driven Preferences," Foerder Institute for Economic Research Working Papers 275695, Tel-Aviv University > Foerder Institute for Economic Research.
- Eddie Dekel & Barton L. Lipman & Aldo Rustichini, 2006. "Temptation–Driven Preferences," Boston University - Department of Economics - Working Papers Series WP2006-024, Boston University - Department of Economics.
- Eddie Dekel & Barton Lipman & Aldo Rustichini, 2006. "Temptation–Driven Preferences," Discussion Papers 1423, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- I. Gilboa & W. A. Postlewaite & D. Schmeidler, 2009.
"Probability and Uncertainty in Economic Modeling,"
Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 10.
- Itzhak Gilboa & Andrew W. Postlewaite & David Schmeidler, 2008. "Probability and Uncertainty in Economic Modeling," Journal of Economic Perspectives, American Economic Association, vol. 22(3), pages 173-188, Summer.
- Itzhak Gilboa & Andrew Postlewaite & David Schmeidler, 2008. "Probability and Uncertainty in Economic Modeling," Post-Print hal-00463394, HAL.
- , G. & , & ,, 2008.
"Non-Bayesian updating: A theoretical framework,"
Theoretical Economics, Econometric Society, vol. 3(2), June.
- Larry G. Epstein & Alvaro Sandroni, 2003. "Non-Bayesian Updating : A Theoretical Framework," RCER Working Papers 505, University of Rochester - Center for Economic Research (RCER).
- Larry G. Epstein & Jawwad Noor & Alvaro Sandroni, 2005. "Non-Bayesian Updating: A Theoretical Framework," Boston University - Department of Economics - Working Papers Series WP2005-025, Boston University - Department of Economics.
- Larry Epstein & Jawwad Noor & Alvaro Sandroni, 2005. "Non-Bayesian Updating: a Theoretical Framework," RCER Working Papers 518, University of Rochester - Center for Economic Research (RCER).
- Larry G. Epstein & Jawwad Noor & Alvaro Sandroni, 2005. "Non-Bayesian Updating: A Theoretical Framework," Boston University - Department of Economics - Working Papers Series WP2005-049, Boston University - Department of Economics.
- Larry G. Epstein, 2006.
"An Axiomatic Model of Non-Bayesian Updating,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 73(2), pages 413-436.
- Larry Epstein, 2002. "An Axiomatic Model of Non-Bayesian Updating," RCER Working Papers 498, University of Rochester - Center for Economic Research (RCER), revised Jan 2005.
- Larry Epstein, 2005. "An Axiomatic Model of Non-Bayesian Updating," RCER Working Papers 521, University of Rochester - Center for Economic Research (RCER).
- David K. Levine & Drew Fudenberg, 2006.
"A Dual-Self Model of Impulse Control,"
American Economic Review, American Economic Association, vol. 96(5), pages 1449-1476, December.
- Drew Fudenberg & David K. Levine, 2004. "A Dual Self Model of Impulse Control," Harvard Institute of Economic Research Working Papers 2049, Harvard - Institute of Economic Research.
- Fudenberg, Drew & Levine, David, 2006. "A Dual-Self Model of Impulse Control," Scholarly Articles 3196335, Harvard University Department of Economics.
- Drew Fudenberg & David K Levine, 2005. "A Dual Self Model of Impulse Control," Levine's Working Paper Archive 618897000000000876, David K. Levine.
- Drew Fudenberg & David K. Levine, 2006. "A Dual Self Model of Impulse Control," Harvard Institute of Economic Research Working Papers 2112, Harvard - Institute of Economic Research.
- Faruk Gul & Wolfgang Pesendorfer, 2001.
"Temptation and Self-Control,"
Econometrica, Econometric Society, vol. 69(6), pages 1403-1435, November.
- W. Pesendorfer & F. Gul, 1999. "Temptation and Self-Control," Princeton Economic Theory Papers 99f1, Economics Department, Princeton University.
- Epstein, Larry G. & Seo, Kyoungwon, 2009. "Subjective states: A more robust model," Games and Economic Behavior, Elsevier, vol. 67(2), pages 408-427, November.
- Kalyan Chatterjee & R. Vijay Krishna, 2009. "A "Dual Self" Representation for Stochastic Temptation," American Economic Journal: Microeconomics, American Economic Association, vol. 1(2), pages 148-167, August.
- Jawwad Noor, 2005.
"Temptation, Welfare and Revealed Preference,"
Boston University - Department of Economics - Working Papers Series
WP2005-15, Boston University - Department of Economics.
- Jawwad Noor, 2005. "Temptation, Welfare and Revealed Preference," Microeconomics 0509009, University Library of Munich, Germany.
- Jawwad Noor, 2006. "Temptation, Welfare and Revealed Preference," Boston University - Department of Economics - Working Papers Series WP2006-025, Boston University - Department of Economics.
- Jawwad Noor, 2007. "Temptation, Welfare and Revealed Preference," Boston University - Department of Economics - Working Papers Series WP2007-008, Boston University - Department of Economics.
- Jawwad Noor, 2011.
"Temptation and Revealed Preference,"
Econometrica, Econometric Society, vol. 79(2), pages 601-644, March.
- Jawwad Noor, 2010. "Temptation and Revealed Preference," Boston University - Department of Economics - Working Papers Series WP2010-040, Boston University - Department of Economics.
- Kopylov, Igor, 2009. "Finite additive utility representations for preferences over menus," Journal of Economic Theory, Elsevier, vol. 144(1), pages 354-374, January.
- Klaus Nehring, 2006. "Self-Control through Second-Order Preferences," Levine's Bibliography 321307000000000391, UCLA Department of Economics.
- Faruk Gul & Wolfgang Pesendorfer, 2005.
"The Revealed Preference Theory of Changing Tastes,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 72(2), pages 429-448.
- Wolfgang Pesendorfer, 2002. "The Revealed Preference Theory of Changing Tastes," Annual Meeting Plenary 2002-3, Society for Economic Dynamics.
- Larry G. Epstein, 2008.
"Living with Risk,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 75(4), pages 1121-1141.
- Larry G. Epstein, 2007. "Living with risk," RCER Working Papers 534, University of Rochester - Center for Economic Research (RCER).
- Noor, Jawwad, 2007.
"Commitment and self-control,"
Journal of Economic Theory, Elsevier, vol. 135(1), pages 1-34, July.
- Jawwad Noor, 2005. "Commitment and Self-Control," Boston University - Department of Economics - Working Papers Series WP2005-014, Boston University - Department of Economics.
- Jawwad Noor, 2005. "Commitment and Self-Control," Microeconomics 0509008, University Library of Munich, Germany.
- Gilboa, Itzhak & Schmeidler, David, 1989.
"Maxmin expected utility with non-unique prior,"
Journal of Mathematical Economics, Elsevier, vol. 18(2), pages 141-153, April.
- Gilboa, Itzhak & Schmeidler, David, 1986. "Maxmin Expected Utility with a Non-Unique Prior," Foerder Institute for Economic Research Working Papers 275405, Tel-Aviv University > Foerder Institute for Economic Research.
- Itzhak Gilboa & David Schmeidler, 1989. "Maxmin Expected Utility with Non-Unique Prior," Post-Print hal-00753237, HAL.
- Daniel Kahneman & Amos Tversky, 2013.
"Prospect Theory: An Analysis of Decision Under Risk,"
World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127,
World Scientific Publishing Co. Pte. Ltd..
- Kahneman, Daniel & Tversky, Amos, 1979. "Prospect Theory: An Analysis of Decision under Risk," Econometrica, Econometric Society, vol. 47(2), pages 263-291, March.
- Amos Tversky & Daniel Kahneman, 1979. "Prospect Theory: An Analysis of Decision under Risk," Levine's Working Paper Archive 7656, David K. Levine.
- Dekel, Eddie & Lipman, Barton L & Rustichini, Aldo, 2001.
"Representing Preferences with a Unique Subjective State Space,"
Econometrica, Econometric Society, vol. 69(4), pages 891-934, July.
- Eddie Dekel, 1997. "A Unique Subjective State Space for Unforeseen Contingencies," Discussion Papers 1202, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Alain Chateauneuf & Robert Kast & André Lapied, 2001. "Conditioning Capacities and Choquet Integrals: The Role of Comonotony," Theory and Decision, Springer, vol. 51(2), pages 367-386, December.
- Daniel Ellsberg, 1961. "Risk, Ambiguity, and the Savage Axioms," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 75(4), pages 643-669.
- Noor, Jawwad & Takeoka, Norio, 2015.
"Menu-dependent self-control,"
Journal of Mathematical Economics, Elsevier, vol. 61(C), pages 1-20.
- Jawwad Noor, 2006. "Menu-Dependent Self-Control," Boston University - Department of Economics - Working Papers Series WP2006-021, Boston University - Department of Economics.
- Jawwad Noor & Norio Takeoka, 2011. "Menu-Dependent Self-Control," Boston University - Department of Economics - Working Papers Series WP2011-041, Boston University - Department of Economics.
- Jawwad Noor, 2006. "Menu-Dependent Self-Control," Levine's Bibliography 122247000000001061, UCLA Department of Economics.
- Kreps, David M, 1979. "A Representation Theorem for "Preference for Flexibility"," Econometrica, Econometric Society, vol. 47(3), pages 565-577, May.
- Kopylov Igor, 2009. "Temptations in General Settings," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 9(1), pages 1-25, September.
- Faruk Gul & Wolfgang Pesendorfer, 2004.
"Self-Control and the Theory of Consumption,"
Econometrica, Econometric Society, vol. 72(1), pages 119-158, January.
- W. Pesendorfer & F. Gul, 1999. "Self-Control and the Theory of Consumption," Princeton Economic Theory Papers 99f2, Economics Department, Princeton University.
- Chatterjee, Kalyan & Krishna, R. Vijay, 2008. "A geometric approach to continuous expected utility," Economics Letters, Elsevier, vol. 98(1), pages 89-94, January.
- Schmeidler, David, 1989.
"Subjective Probability and Expected Utility without Additivity,"
Econometrica, Econometric Society, vol. 57(3), pages 571-587, May.
- David Schmeidler, 1989. "Subjective Probability and Expected Utility without Additivity," Levine's Working Paper Archive 7662, David K. Levine.
- Todd Sarver, 2008. "Anticipating Regret: Why Fewer Options May Be Better," Econometrica, Econometric Society, vol. 76(2), pages 263-305, March.
- Faruk Gul & Wolfgang Pesendorfer, 2007. "Harmful Addiction," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 74(1), pages 147-172.
- Haluk Ergin & Todd Sarver, 2010. "A Unique Costly Contemplation Representation," Econometrica, Econometric Society, vol. 78(4), pages 1285-1339, July.
- Barbos, Andrei, 2010. "Context effects: A representation of choices from categories," Journal of Economic Theory, Elsevier, vol. 145(3), pages 1224-1243, May.
- Benhabib, Jess & Bisin, Alberto, 2005. "Modeling internal commitment mechanisms and self-control: A neuroeconomics approach to consumption-saving decisions," Games and Economic Behavior, Elsevier, vol. 52(2), pages 460-492, August.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Riella, Gil, 2013. "Preference for Flexibility and Dynamic Consistency," Journal of Economic Theory, Elsevier, vol. 148(6), pages 2467-2482.
- Eddie Dekel & Barton L. Lipman, 2010.
"How (Not) to Do Decision Theory,"
Annual Review of Economics, Annual Reviews, vol. 2(1), pages 257-282, September.
- Eddie Dekel & Barton L. Lipman, 2009. "How (Not) to Do Decision Theory," Levine's Working Paper Archive 814577000000000339, David K. Levine.
- Noor, Jawwad & Takeoka, Norio, 2015.
"Menu-dependent self-control,"
Journal of Mathematical Economics, Elsevier, vol. 61(C), pages 1-20.
- Jawwad Noor, 2006. "Menu-Dependent Self-Control," Boston University - Department of Economics - Working Papers Series WP2006-021, Boston University - Department of Economics.
- Jawwad Noor & Norio Takeoka, 2011. "Menu-Dependent Self-Control," Boston University - Department of Economics - Working Papers Series WP2011-041, Boston University - Department of Economics.
- Jawwad Noor, 2006. "Menu-Dependent Self-Control," Levine's Bibliography 122247000000001061, UCLA Department of Economics.
- Gorno, Leandro, 2016.
"Additive representation for preferences over menus in finite choice settings,"
Journal of Mathematical Economics, Elsevier, vol. 65(C), pages 41-47.
- Leandro Gorno, 2012. "Additive Representation for Preferences over Menus in Finite Choice Settings," Working Papers 1421, Princeton University, Department of Economics, Econometric Research Program..
- Nobuo Koida, 2018. "Anticipated stochastic choice," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 65(3), pages 545-574, May.
- Leandro Gorno, 2010. "Additive representation for preferences over menus in finite choice settings," Working Papers 1292, Princeton University, Department of Economics, Econometric Research Program..
- Mihm, Maximilian & Ozbek, Kemal, 2018. "Mood-driven choices and self-regulation," Journal of Economic Theory, Elsevier, vol. 176(C), pages 727-760.
- Barton L. Lipman & Wolfgang Pesendorfer, 2010. "Temptation," Boston University - Department of Economics - Working Papers Series WP2010-021, Boston University - Department of Economics.
- Eddie Dekel & Barton L. Lipman & Aldo Rustichini, 2009.
"Temptation-Driven Preferences,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 76(3), pages 937-971.
- Eddie Dekel & Barton L. Lipman & Aldo Rustichini, 2005. "Temptation–Driven Preferences," Boston University - Department of Economics - Working Papers Series WP2005-005, Boston University - Department of Economics.
- Eddie Dekel & Barton L. Lipman & Aldo Rustichini, 2006. "Temptation–Driven Preferences," Boston University - Department of Economics - Working Papers Series WP2006-024, Boston University - Department of Economics.
- Dekel, Eddie & Lipman, Barton L. & Rustichini, Aldo, 2006. "Temptation-Driven Preferences," Foerder Institute for Economic Research Working Papers 275695, Tel-Aviv University > Foerder Institute for Economic Research.
- Eddie Dekel & Barton Lipman & Aldo Rustichini, 2006. "Temptation–Driven Preferences," Discussion Papers 1423, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Larry Epstein & Igor Kopylov, 2006. "Cognitive Dissonance and Choice," RCER Working Papers 525, University of Rochester - Center for Economic Research (RCER).
- , & ,, 2010.
"Uphill self-control,"
Theoretical Economics, Econometric Society, vol. 5(2), May.
- Jawwad Noor & Norio Takeoka, 2009. "Uphill Self-Control," Levine's Working Paper Archive 814577000000000351, David K. Levine.
- Klaus Nehring, 2006. "Self-Control through Second-Order Preferences," Levine's Bibliography 321307000000000391, UCLA Department of Economics.
- Igor Kopylov & Jawwad Noor, 2018. "Commitments and weak resolve," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 66(1), pages 1-19, July.
- Drew Fudenberg & David K. Levine, 2012.
"Timing and Self‐Control,"
Econometrica, Econometric Society, vol. 80(1), pages 1-42, January.
- Drew Fudenberg & David K Levine, 2010. "Timing and Self-Control," Levine's Working Paper Archive 659843000000000008, David K. Levine.
- Fudenberg, Drew & Levine, David K., 2012. "Timing and Self-Control," Scholarly Articles 11005331, Harvard University Department of Economics.
- Noor, Jawwad & Ren, Linxia, 2023. "Temptation and guilt," Games and Economic Behavior, Elsevier, vol. 140(C), pages 272-295.
- Tang, Rui & Zhang, Mu, 2023. "Motivated naivete," Journal of Economic Theory, Elsevier, vol. 209(C).
- Larry G. Epstein & Igor Kopylov, 2007. "An axiomatic model of 'cold feet'," RCER Working Papers 533, University of Rochester - Center for Economic Research (RCER).
- Daniele Pennesi, 2020. "Identity and information acquisition," Carlo Alberto Notebooks 610, Collegio Carlo Alberto, revised 2021.
- Igor Kopylov & Jawwad Noor, 2009.
"Self-Deception and Choice,"
Levine's Working Paper Archive
814577000000000319, David K. Levine.
- Jawwad Noor & Igor Kopylov, 2010. "Self-Deception and Choice," Boston University - Department of Economics - Working Papers Series WP2010-042, Boston University - Department of Economics.
- Sebastian Vollmer & Juditha Wójcik, 2017.
"The long-term consequences of the global 1918 influenza pandemic: A systematic analysis of 117 IPUMS international census data sets,"
Courant Research Centre: Poverty, Equity and Growth - Discussion Papers
242, Courant Research Centre PEG.
- Sebastian Vollmer & Juditha Wójcik, 2017. "The long-term consequences of the global 1918 influenza pandemic: A systematic analysis of 117 IPUMS international census data sets," Working Papers 1721, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz.
- Sebastian Vollmer & Juditha Wójcik, 2017. "The Long-term Consequences of the Global 1918 Influenza Pandemic: A Systematic Analysis of 117 IPUMS International Census Data Sets," CINCH Working Paper Series 1708, Universitaet Duisburg-Essen, Competent in Competition and Health.
More about this item
Keywords
Choquet-Expected-Utility; Comonotonic-Temptation-Independence; Ambiguity; Temptation; Self-control;All these keywords.
JEL classification:
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
NEP fields
This paper has been announced in the following NEP Reports:- NEP-MIC-2013-03-16 (Microeconomics)
- NEP-UPT-2013-03-16 (Utility Models and Prospect Theory)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:wpaper:halshs-00797631. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.