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| Author: | Andersson, F. Holm, H. |
| Title: | Transparency preference and economic behavior |
| Journal: | Journal of Economic Behavior and Organization
1998 : NOV 30, VOL. 37:3, p. 349-356 |
| Index terms: | ECONOMIC BEHAVIOUR ECONOMICS ORGANIZATION |
| Language: | eng |
| Abstract: | 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. The authors believe that decision makers with a frame of mind that is critical in a Popperian sense will have a preference for transparency. |
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