A Mechanism for Eliciting Second-Order Beliefs and the Inclination to Choose

Edi Karni | American Economic Journal: Microeconomics, 2018 

This paper describes a direct revelation mechanism for eliciting decision makers’ introspective beliefs on sets of subjective prior or posterior probabilities. The proposed scheme constitutes a revealed-preference procedure for measuring the inclination of decision makers to choose one alternative over another modeled by Minardi and Savochkin (2015).

A Mechanism for Eliciting Second-Order Beliefs and the Inclination to Choose