Cold feet

被引：0

作者：

Epstein, Larry G. ^{[1
]}

Kopylov, Igor ^{[2
]}

机构：

[1] Boston Univ, Dept Econ, Boston, MA 02215 USA

[2] Univ Calif Irvine, Dept Econ, Irvine, CA 92717 USA

来源：

THEORETICAL ECONOMICS | 2007年 / 2卷 / 03期

关键词：

Temptation; pessimism; non-Bayesian updating; optimism; ambiguity; moment of truth; confidence;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Individuals often lose confidence in their prospects as they approach the 'moment of truth.' An axiomatic model of such individuals is provided. The model adapts and extends (by relaxing the Independence axiom) Gul and Pesendorfer's model of temptation and self-control to capture an individual who changes her beliefs so as to become more pessimistic as payoff time approaches. In a variation of the model, the individual becomes more optimistic at an ex post stage in order to feel better about her available options.

引用

页码：231 / 259

页数：29

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