TY  - GEN
AB  - A decision maker (DM) makes choices from dierent sets of
alternatives. The DM is initially fully ignorant of the payo associated
to each alternative, and learns these payos only after a large number
of choices have been made. We show that, in the presence of an outside
option once payos are learned, the optimal choice rule from sets of
alternatives is one that is as if the DM had strict preferences over all
alternatives. Under this model, the DM has preferences for preferences
while being ignorant of what preferences are \right".
DA  - 2015
KW  - consistency
KW  - strict preference
KW  - rationality
KW  - weak axiom of revealed preferences
LA  - eng
PY  - 2015
SN  - 0931-6558
SP  - 25-
TI  - Preferences under ignorance
UR  - https://nbn-resolving.org/urn:nbn:de:0070-pub-27758928
Y2  - 2024-11-22T06:35:02
ER  -