Search Results - subject:"sure thing principle"

The disjunction effect does not violate the Law of Total Probability

Gelastopoulos, Alexandros; Le Mens, Gaël - 2025

Persistent link: https://www.econbiz.de/10015329122

Expected utility maximization under weakened assumptions consistent with behavioral economics

Barnett, William A.; Ding, Kangzheng - 2024

Persistent link: https://www.econbiz.de/10015386767

Who accepts Savage's axiom now?

Humphrey, Steven J.; Kruse, Nadia-Yasmine - In: Theory and decision : an international journal for … 96 (2024) 1, pp. 1-17

Persistent link: https://www.econbiz.de/10014547295

Who accepts Savage’s axiom now?

Humphrey, Steven J.; Kruse, Nadia-Yasmine - In: Theory and Decision 96 (2023) 1, pp. 1-17

We report the results of an experimental test of whether preaching the normative appeal of the sure-thing principle …-compatible choices of 147 subjects, which either violate the sure-thing principle or adhere to it. Subjects are presented with normative … arguments that support the counterfactual behaviour and then repeat their decisions. We observe violations of the sure-thing …

Persistent link: https://www.econbiz.de/10015165619

Who accepts Savage’s axiom now?

Humphrey, Steven J.; Kruse, Nadia-Yasmine - In: Theory and Decision 96 (2023) 1, pp. 1-17

Persistent link: https://www.econbiz.de/10015404643

Prerationality as avoiding predictably regrettable consequences

Hammond, Peter J. - 2022 - Prepublication version: 2022 August 29th

Persistent link: https://www.econbiz.de/10013205233

Lord’s Paradox Revisited – (Oh Lord! Kumbaya!)

Pearl, Judea - In: Journal of Causal Inference 4 (2016) 2

Abstract Among the many peculiarities that were dubbed “paradoxes” by well meaning statisticians, the one reported by Frederic M. Lord in 1967 has earned a special status. Although it can be viewed, formally, as a version of Simpson’s paradox, its reputation has gone much worse. Unlike...

Persistent link: https://www.econbiz.de/10014610851

A Dual Approach to Ambiguity Aversion

Bommier, Antoine - 2014

In this paper, the assumption of monotonicity of Anscombe and Aumann (1963) is replaced by a weaker assumption of monotonicity with respect to first order stochastic dominance. I derive a representation result where ambiguous distributions of objective beliefs are first aggregated into...

Persistent link: https://www.econbiz.de/10011753271

A dual approach to ambiguity aversion

Bommier, Antoine - 2014 - Dec. 2014

In this paper, the assumption of monotonicity of Anscombe and Aumann (1963) is replaced by an assumption of monotonicity with respect to first-order stochastic dominance. I derive a representation result where ambiguous distributions of objective beliefs are first aggregated into “equivalent...

Persistent link: https://www.econbiz.de/10011280266

The impact of statistical learning on violations of the sure-thing principle

Nicholls, Nicky; Romm, Aylit; Zimper, Alexander - Department of Economics, Faculty of Economic and … - 2013

This paper experimentally tests whether violations of Savage's (1954) subjective expected utility theory decrease if the ambiguity of an uncertain decision situation is reduced through statistical learning. Because our data does not show such a decrease, existing models which formalize ambiguity...

Persistent link: https://www.econbiz.de/10011095478