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Keywords: Belief revision
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Journal Articles
Journal:
Review of Behavioral Economics
Review of Behavioral Economics 1–24.
Published: 17 April 2026
.... This study develops a formal model integrating epistemic akrasia into transaction cost economics, showing how internal misalignments between judgment and belief generate underinvestment in belief revision, epistemic externalities and low-trust equilibria. These inefficiencies persist even under perfect...
