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.
- Language
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Englisch
- Bibliographic citation
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Journal: Theoretical Economics ; ISSN: 1555-7561 ; Volume: 2 ; Year: 2007 ; Issue: 3 ; Pages: 232-259 ; New York, NY: The Econometric Society
- Classification
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Wirtschaft
Information, Knowledge, and Uncertainty: General
Criteria for Decision-Making under Risk and Uncertainty
- Subject
-
Pessimism
optimism
cold feet
temptation
self-control
moment of truth
temporal proximity
confidence
- Event
-
Geistige Schöpfung
- (who)
-
Epstein, Larry G.
Kopylov, Igor
- Event
-
Veröffentlichung
- (who)
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The Econometric Society
- (where)
-
New York, NY
- (when)
-
2007
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Epstein, Larry G.
- Kopylov, Igor
- The Econometric Society
Time of origin
- 2007
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