An axiomatic model of non bayesian updating stop being intimidating


11-Nov-2019 00:16

Mui Snackbar-anchor Origin Bottom Center @media (min-width:960px) . Mui Snackbar-anchor Origin Top Center @media (min-width:960px) . This paper models an agent in a three-period setting who does not update according to Bayes ’ Rule, and who is self-aware and anticipates her updating behavior when formulating plans.Gul and Pesendorfer’s theory of temptation and self-control is a key building block.A representation theorem generalizes (the dynamic version of) Anscombe-Aumanns theorem so that both the prior and the way in which it is updated are subjective.The model can generate updating biases analogous to those observed by psychologists.

an axiomatic model of non bayesian updating-55

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This paper models an agent in a three-period setting who does not update according to Bayes' Rule and who is self-aware and anticipates her updating behaviour when formulating plans.Gul and Pesendorfer's theory of temptation and self-control is a key building block. (1988), Knowledge in flux: modeling the dynamics of epistemic states, MIT Press, Cambridge, MA]. Mui Button-text Primary:hover @media (hover: none) . Mui Button-text Secondary:hover @media (hover: none) .

Mui Button-contained Primary:hover @media (hover: none) . Mui Button-contained Secondary:hover @media (hover: none) .

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