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  • Search: subject:"imprecise beliefs"
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Year of publication
Subject
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(non-) expected utility 1 behavioral strategies 1 bounded rationality 1 imprecise beliefs 1 performance 1 robustness 1
Online availability
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Free 1
Type of publication
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Book / Working Paper 1
Language
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Undetermined 1
Author
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Pasche, Markus 1
Institution
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Wirtschaftswissenschaftliche Fakultät, Friedrich-Schiller-Universität Jena 1
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Working Paper Series B 1
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RePEc 1
Showing 1 - 1 of 1
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An Approach to Robust Decision Making: The Rationality of Heuristic Behavior
Pasche, Markus - Wirtschaftswissenschaftliche Fakultät, … - 1998
Empirical studies show that decisions deviate from the predictions of expected utility theory and violate the axiomatic foundations. Hence, many generalizations to non-expected utility theory have been developped. But empirically they did not provide an improvement over the standard approach. In...
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