Siniscalchi, Marciano (contributor) - 2008
This paper proposes a model of decision under ambiguity deemed vector expected utility, or VEU. In this model, an … uncertain prospect, or Savage act, is assessed according to (a) a baseline expected-utility evaluation, and (b) an adjustment …Vector Expected Utility and Attitudes toward Variation
Marciano Siniscalchi
December 16, 2008
Abstract
This paper …