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Probabilistically Sophisticated Choice: An Alternative Axiomatization

Karni, Edi

Probabilistically Sophisticated Choice: An Alternative Axiomatization - 2020.

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This paper provides an alternative axiomatization of the probabilistically sophisticated choice model of Machina and Schmeidler [1995]. JEL Codes: D8, D81, D83.

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Probabilistically Sophisticated Choice: An Alternative Axiomatization

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