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Non-Probabilistic Decision Making with Memory Constraints

Vostroknutov, Alexander
Munich Personal RePEc Archive · Reports
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belieflearning
In the model of choice, studied in this paper, the decision maker chooses the actions non-probabilistically in each period (Sarin and Vahid, 1999; Sarin, 2000). The action is chosen if it yields the biggest payoff according to the decision maker’s subjective assessment. Decision maker knows nothing
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