Choice deferral, indecisiveness and preference for flexibility

For each experiment, we run three main treatments: the baseline disconnects bidding decisions and subjects’ payoffs from the experiment (the traditional hypothetical context); the

We show that prudence (positive third derivative of the utility function) is related to the size of the ‡exibility gain, in the same vein as it is related to the utility premium of

We introduce three new combina- tions layout of Dempster's rule and cautious operator and we compare them using real data coming from experiments involving several commu- nicating

We derive a representation in which the decision maker’s uncertainty about her ex post preferences is captured by means of a subjective state space, which in turn determines

The Minimum Monotone Satisfying Assignment problem (MMSA) consists, given a monotone boolean formula ϕ, in searching for a minimum number of true variables such that ϕ is satisfied..

After the 1 minute 36 second silence, the parts should be vertically co-ordinated for the remainder of the piece, as they share the same structure of durations. Nicholas

Remark 3.9 The i-reversal in Theorem 3.8 can even be supported by a discount func- tion satisfying decreasing impatience. Let endowment risk be increasing and let the DM’s

In [8, Theorem IV.18.4+additional remark] are shown two examples of non linearly ordered prime directed monotone σ-complete partially ordered abelian group whose positive cone