Modelling the expected probability of correct assignment under uncertainty
Abstract
When making important decisions such as choosing health insurance or a school, people are often uncertain what levels of attributes will suit their true preference. After choice, they might realize that their uncertainty resulted in a mismatch: choosing a sub-optimal alternative, while another available alternative better matches their needs. We study here the overall impact, from a central planner's perspective, of decisions under such...
Paper Details
Title
Modelling the expected probability of correct assignment under uncertainty
Published Date
Sep 15, 2020
Journal
Volume
10
Issue
1
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