Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/59629 
Year of Publication: 
2010
Series/Report no.: 
Discussion Paper No. 1531
Publisher: 
Northwestern University, Kellogg School of Management, Center for Mathematical Studies in Economics and Management Science, Evanston, IL
Abstract: 
This note questions the behavioral content of second-order acts and their use in decision theoretic models. We show that there can be no verification mechanism to determine what the decision maker receives under a second-order act. This impossibility applies even in idealized repeated experiments where infinite data can be observed.
Document Type: 
Working Paper

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