Correlation concern

A-Tier
Journal: Journal of Economic Theory
Year: 2025
Volume: 228
Issue: C

Score contribution per author:

4.022 = (α=2.01 / 1 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

In many choice problems, the interaction between several distinct variables determines the payoff of each alternative. I propose and axiomatize a model of a decision maker who recognizes that she may not accurately perceive the correlation between these variables, and who takes this into account when making her decision. She chooses as if she calculates each alternative's expected outcome under multiple possible correlation structures, and then evaluates it according to the worst expected outcome.

Technical Details

RePEc Handle
repec:eee:jetheo:v:228:y:2025:i:c:s0022053125001103
Journal Field
Theory
Author Count
1
Added to Database
2026-01-25