Showing 1 - 10 of 3,673
We suscribe to an account of framing-effects in decision theory in terms of an inference to a background informationa by the hearer when a speaker uses a certain frame while other equivalent frames were also available. This account was sketched by Craig McKenzie. We embed it in Bolker-Jeffrey...
Persistent link: https://www.econbiz.de/10008794902
Framing effects occur when different descriptions of the same decision problem give rise to divergent decisions. They can be seen as a violation of the decisiontheoretic version of the principle of extensionality (PE). The PE in logic means that two logically equivalent sentences can be...
Persistent link: https://www.econbiz.de/10008793259
Tribute to Jean-Yves Jaffray by the French Group of Decision Theory
Persistent link: https://www.econbiz.de/10009647522
We axiomatize a model of decision under objective ambiguity or imprecise risk. The decision maker forms a subjective (non necessarily additive) belief aboutthe likelihood of probability distributions and computes the average expected utility of a given act with respect to this second order...
Persistent link: https://www.econbiz.de/10008795437
We argue, in the spirit of some of Jean-Yves Jaffray's work, that explicitly incorporating the information, however imprecise, available to the decision marker is relevant, feasible and fruitful. In particular, we show that it can lead us to know whether the decision maker has wrong beliefs and...
Persistent link: https://www.econbiz.de/10008795624
We argue, in the spirit of some of Jean-Yves Jaffray's work, that explicitly incorporating the information, however imprecise, available to the decision maker is relevant, feasible, and fruitful. In particular, we show that it can lead us to know whether the decision maker has wrong beliefs and...
Persistent link: https://www.econbiz.de/10008795800
This paper discusses models of choice under imprecise objective proba- bilistic information featuring beliefs about beliefs - second order beliefs. A new model, called Second Order Dual Expected Utility (SODEU) featuring non-additive second order beliefs is introduced, axiomatized and systemati-...
Persistent link: https://www.econbiz.de/10009021746
We present the leading hypotheses of a work in progress aiming at testing and comparing neural activities in the case of a cognitive illusion (the bat-and-ball illusion) and in the case of a typical instance of framing effects. We focus on contrasted answers linked to Stanovich's system 1 vs...
Persistent link: https://www.econbiz.de/10008855835
We present the leading hypotheses of a work in progress aiming at testing and comparing neural activities in the case of a cognitive illusion (the bat-and-ball illusion) and in the case of a typical instance of framing effects. We focus on contrasted answers linked to Stanovich's system 1 vs...
Persistent link: https://www.econbiz.de/10008795856
Regrat helps to optimize decision-behaviour. It can be defined as a rational emotion. Several recent neurobiological studies have confirmed the interface between emotion and cognition at which regret is located and documented its role in decision behaviour. The data give credibility to the...
Persistent link: https://www.econbiz.de/10008789094