Gajdos, Thibault; Tallon, Jean-Marc; Vergnaud, … - Maison des Sciences Économiques, Université Paris 1 … - 2002
We provide a model of decision making under uncertainty in which the decision maker reacts to imprecision of the available data. Data is represented by a set of probability distributions. We axiomatize a decision criterion of the maxmin expected utility type, in which the revealed set of priors...