Probabilistic States versus Multiple Certainties: The Obstacle of Uncertainty in Contingent Reasoning
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We propose a new hypothesis, the Power of Certainty, to help explain agents' difficulties in making choices when there are multiple possible payoff-relevant states. In the probabilistic Acquiring-a-Company problem an agent submits a price to a firm before knowing whether the firm is of low or high
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美国国家经济研究局创建时间：
2017-11-01
