Showing 1 - 10 of 11
Persistent link: https://www.econbiz.de/10003386605
This paper derives a representation of preferences for a choice theory with vague environments; vague in the sense that the agent does not know the precise lotteries over outcomes conditional on states. Instead, he knows only a possible set of these lotteries for each state. Thus, this paper's...
Persistent link: https://www.econbiz.de/10011940708
Persistent link: https://www.econbiz.de/10014416204
This paper invokes the axiomatic approach to explore the notion of growing awareness in the context of decision making under uncertainty. It introduces a new approach to modeling the expanding universe of a decision maker in the wake of becoming aware of new consequences, new acts, and new links...
Persistent link: https://www.econbiz.de/10009511743
In the wake of growing awareness, decision makers anticipate that they might become aware of material possibilities and ideas that, in their current state of ignorance, are unimaginable. This anticipation manifests itself in their choice behavior. This paper models this awareness of unawareness...
Persistent link: https://www.econbiz.de/10010246087
Persistent link: https://www.econbiz.de/10010246499
This paper invokes the axiomatic approach to explore the notion of growing awareness in the context of decision making under uncertainty. It introduces a new approach to modeling the expanding universe of a decision maker in the wake of becoming aware of new consequences, new acts, and new links...
Persistent link: https://www.econbiz.de/10008824907
Persistent link: https://www.econbiz.de/10011477827
Persistent link: https://www.econbiz.de/10011747493
Persistent link: https://www.econbiz.de/10013410995