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A,A,A,A,A or A,A,B,C,D? Over-Diversification in Repeated Decision Problems

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  • A. Rubinstein

Abstract

This paper deals with repeated decision problems which are similar to the task of guessing the color outcomes of five independent spinnings of a roulette wheel, 60% of whose slots are covered in red and 40% in white, where each correct guess yields a prize of 1$.
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Suggested Citation

  • A. Rubinstein, 2000. "A,A,A,A,A or A,A,B,C,D? Over-Diversification in Repeated Decision Problems," Princeton Economic Theory Papers 00s13, Economics Department, Princeton University.
    • Handle: RePEc:wop:prinet:00s13
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    References listed on IDEAS

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    1. Loomes, Graham, 1998. "Probabilities vs Money: A Test of Some Fundamental Assumptions about Rational Decision Making," Economic Journal, Royal Economic Society, vol. 108(447), pages 477-489, March.
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    More about this item

    JEL classification:

    • D00 - Microeconomics - - General - - - General
    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General

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