Cold Feet
Cold Feet
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临阵退缩
DOI:
10.1093/nq/s12-xi.242.451a
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发表时间:
1887
期刊:
影响因子:
--
通讯作者:
Igor Kopylov
中科院分区:
文献类型:
--
作者:
Larry G. Epstein;Igor Kopylov;Larry G. Epstein;Igor Kopylov
Individuals often lose confidence in their prospects as they approach the ‘moment of truth.’ An axiomatic model of such individuals is provided. The model adapts and extends (by relaxing the Independence axiom) Gul and Pesendorfer’s model of temptation and self-control to capture an individual who changes her beliefs so as to become more pessimistic as payoff time approaches. In a variation of the model, the individual becomes more optimistic at an ex post stage in order to feel better about her available options.