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Keywords: Epistemic akrasia
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Journal Articles
The mind’s hidden cost: epistemic akrasia and its impact on market efficiency
Available to Purchase
Journal:
Review of Behavioral Economics
Review of Behavioral Economics 1–24.
Published: 17 April 2026
...Rodrigo Laera This study introduces epistemic akrasia – the state of holding beliefs that one judges epistemically unjustified – as an endogenous source of transaction costs. Traditional models assume rational belief updating, yet persistent market inefficiencies indicate deeper cognitive frictions...
