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  4. May 2018
  5. A Mechanism for Eliciting Second-Order Beliefs and the Inclination to Choose

A Mechanism for Eliciting Second-Order Beliefs and the Inclination to Choose

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Abstract

This paper describes a direct revelation mechanism for eliciting decision makers' introspective beliefs on sets of subjective prior or posterior probabilities. The proposed scheme constitutes a revealed-preference procedure for measuring the inclination of decision makers to choose one alternative over another modeled by Minardi and Savochkin (2015).

Citation

Karni, Edi. 2018. "A Mechanism for Eliciting Second-Order Beliefs and the Inclination to Choose." American Economic Journal: Microeconomics, 10 (2): 275-85. DOI: 10.1257/mic.20160345

Additional Materials

JEL Classification

  • D11 Consumer Economics: Theory
  • D72 Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
  • D82 Asymmetric and Private Information; Mechanism Design
  • D83 Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
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