Oil exploration and perceptions of scarcity: The fallacy of early success

Energy Economics

Volumn 34, Issue 4, 2012, Pages 1226-1233

  Jakobsson, Kristofer ^a   Söderbergh, Bengt ^a   Snowden, Simon ^b   Li, Chuan Zhong ^a   Aleklett, Kjell ^a  

^a UPPSALA UNIVERSITY   (Sweden)

^b UNIVERSITY OF LIVERPOOL MANAGEMENT SCHOOL   (United Kingdom)

Author keywords

Bayesian updating; Expectation bias; Oil exploration; Success rate; U shaped price path

Indexed keywords

BAYESIAN UPDATING; EXPECTATION BIAS; OIL EXPLORATION; SUCCESS RATE; U-SHAPED;

COSTS;

GEOLOGICAL SURVEYS;

BAYESIAN ANALYSIS; HYDROCARBON EXPLORATION; OIL PRODUCTION; PERCEPTION; PRICE DYNAMICS; RESOURCE SCARCITY;

EID: 84862204196     PISSN: 01409883     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.eneco.2011.11.003     Document Type: Article

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