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In this essay, three separate yet interconnected components of pro-environmental decision making are considered: (a …) knowledge, in the form of basic scientific understanding and procedural knowledge, (b) risk perception, as it relates to an …-environmental behavior. Past researches have often overemphasized the weight of just one of those variables in the decision making. I argue …
Persistent link: https://www.econbiz.de/10009303794
We address the problem of choosing a portfolio of policies under "deep uncertainty." We introduce the idea of belief dominance as a way to derive a set of non-dominated portfolios and robust individual alternatives. Our approach departs from the tradition of providing a single recommended...
Persistent link: https://www.econbiz.de/10011504367
data with a broad class of models of choice under risk and under uncertainty. Our method allows for risk loving and elation …
Persistent link: https://www.econbiz.de/10011671892
probabilities, and (3) are ambiguity non-neutral. By decomposing ambiguity into risk and model uncertainty, and jointly eliciting …
Persistent link: https://www.econbiz.de/10011457763
We review some of the (theoretical) economic implications of David Schmeidler's models of decision under uncertainty … equilibrium implications (indeterminacies, non revelation of information) of these decision models. A section is then devoted to …
Persistent link: https://www.econbiz.de/10012121980
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Anscombe and Aumann (1963) offer a definition of subjective probability in terms of comparisons with objective probabilities. That definition - which has provided the basis for much of the succeeding work on subjective probability - presumes that the subjective probability of an event is...
Persistent link: https://www.econbiz.de/10013264885
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