Artikel
Cold feet
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.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Theoretical Economics ; ISSN: 1555-7561 ; Volume: 2 ; Year: 2007 ; Issue: 3 ; Pages: 232-259 ; New York, NY: The Econometric Society
- Klassifikation
-
Wirtschaft
Information, Knowledge, and Uncertainty: General
Criteria for Decision-Making under Risk and Uncertainty
- Thema
-
Pessimism
optimism
cold feet
temptation
self-control
moment of truth
temporal proximity
confidence
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Epstein, Larry G.
Kopylov, Igor
- Ereignis
-
Veröffentlichung
- (wer)
-
The Econometric Society
- (wo)
-
New York, NY
- (wann)
-
2007
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Epstein, Larry G.
- Kopylov, Igor
- The Econometric Society
Entstanden
- 2007
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