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Published in 2020 at "Theoretical Economics"
DOI: 10.3982/te2744
Abstract: Considerable evidence shows that people have optimistic beliefs about future out- comes. I present an axiomatic model of wishful thinking (WT), in which an endowed alternative, or status quo, influences the agent’s beliefs over states…
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Keywords:
wishful thinking;
status quo;
foundations wishful;
twisting truth ... See more keywords