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.
Department/s
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