TRANSPARENCY PREFERENCE AND ECONOMIC-BEHAVIOR

Authors
ANDERSSON F HOLM HJ
Citation
F. Andersson et Hj. Holm, TRANSPARENCY PREFERENCE AND ECONOMIC-BEHAVIOR, Journal of economic behavior & organization, 37(3), 1998, pp. 349-356
Citations number
15
Categorie Soggetti
Economics
Journal title
Journal of economic behavior & organization → ACNP
ISSN journal
01672681
Volume
37
Issue
3
Year of publication
1998
Pages
349 - 356
Database
ISI
SICI code
0167-2681(1998)37:3<349:TPAE>2.0.ZU;2-Y
Abstract
It is shown that decision makers guided by Popperian epistemology will have a preference for transparency, even in situations where standard economic theory provides no rationale for such a preference. This pro vides a Popperian resolution of the Ellsberg paradox, and a rationale for suspicion in experiments as well as in economic life. (C) 1998 Els evier Science B.V. All rights reserved.