Objective and Subjective Rationality in a Multiple Prior Model

A decision maker (DM) is characterized by two binary relations. The first reflects choices that are rational in an "objective" sense: the DM can convince others that she is right in making them. The second relation models choices that are rational in a "subjective" sense: the DM cannot be convinced that she is wrong in making them. Copyright 2010 The Econometric Society.

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Year of publication:	2010
Authors:	Gilboa, Itzhak ; Maccheroni, Fabio ; Marinacci, Massimo ; Schmeidler, David
Published in:	Econometrica. - Econometric Society. - Vol. 78.2010, 2, p. 755-770
Publisher:	Econometric Society

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008470795