Smoothing preference kinks with information

DOI10.1016/J.MATHSOCSCI.2009.03.002MaRDI QIDQ732921zbMATH OpenOpenAlexWikidataFDO

Authors Robert G. Chambers, Tigran A. Melkonyan

Publication date 15 October 2009

Published in Mathematical Social Sciences (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.mathsocsci.2009.03.002

zbMATH Keywords

maximin expected utilityno-trade price zoneprior-by-prior updatingWTP/WTA gap

Mathematics Subject Classification ID

Utility theory (91B16) Economics of information (91B44)

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Cited in

(2)

• Buy low, sell high: price gaps and neoclassical theory
• Ambiguity and informativeness of (non-)trading

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