Transparency preference and economic behavior

Research output: Contribution to journalArticlepeer-review


It is shown that decision makers guided by Popperian epistemology will have a preference for transparency, even in situations where standard economic theory provides no rationale for such a preference. This provides a Popperian resolution of the Ellsberg paradox, and a rationale for suspicion in experiments as well as in economic life.
Original languageEnglish
Pages (from-to)349-56
JournalJournal of Economic Behavior and Organization
Issue number3
Publication statusPublished - 1998

Subject classification (UKÄ)

  • Economics

Free keywords

  • Transparency
  • Refutability
  • Ellsberg paradox
  • Suspicion
  • Uncertainty aversion


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