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Transparency preference and economic behavior

Author

Summary, in English

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 provides a Popperian resolution of the Ellsberg paradox, and a rationale for suspicion in experiments as well as in economic life.

Publishing year

1998

Language

English

Pages

56-349

Publication/Series

Journal of Economic Behavior and Organization

Volume

37

Issue

3

Document type

Journal article

Publisher

Elsevier

Topic

  • Economics

Keywords

  • Transparency
  • Refutability
  • Ellsberg paradox
  • Suspicion
  • Uncertainty aversion

Status

Published

ISBN/ISSN/Other

  • ISSN: 0167-2681