Relevance and Symmetry.
We define a behavioral concept of relevance in the context of decision making under uncertainty. We argue that this concept provides a sensible answer to the question “What probabilistic environments do an individuals’ preferences reveal as mattering to her decisions?” under a symmetry assumption....
Main Authors: | Klibanoff, P, Mukerji, S, Seo, K |
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Format: | Working paper |
Language: | English |
Published: |
Department of Economics (University of Oxford)
2011
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