English, Article edition: Cold feet Epstein, Larry G.; Kopylov, Igor

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Bookmark: http://trove.nla.gov.au/version/111514
Physical Description
  • article
Language
  • English

Edition details

Title
  • Cold feet
Author
  • Epstein, Larry G.
  • Kopylov, Igor
Physical Description
  • article
Notes
  • 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.
  • Pessimism, optimism, cold feet, temptation, self-control, moment of truth, temporal proximity, confidence
  • RePEc:the:publsh:317
Language
  • English
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