Theory and Decision

, Volume 38, Issue 3, pp 313–320 | Cite as

The impossibility of experimental elicitation of subjective probabilities

  • Edi Karni
  • Zvi Safra
Shorter Papers, Letters To The Editor


We show that if decision makers may have stakes in certain events then the experimental elicitation of their subjective probabilities of these events is impossible.


Subjective probability elicitation of probabilities experimental economics state-dependent utility 


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Copyright information

© Kluwer Academic Publishers 1995

Authors and Affiliations

  • Edi Karni
    • 1
  • Zvi Safra
    • 2
  1. 1.Department of EconomicsThe Johns Hopkins UniversityBaltimoreUSA
  2. 2.Faculty of ManagementTel Aviv UniversityTel AvivIsrael

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