Showing 1 - 10 of 1,924
Persistent link: https://www.econbiz.de/10009761149
This paper extends Savage's subjective approach to probability and utility from decision problems under exogenous … simple preference relations uniquely identifies the decision maker's utilities and beliefs of all orders. Connections with …
Persistent link: https://www.econbiz.de/10011700273
We study the problem of elicitation of subjective beliefs of an agent when the beliefs are ambiguous (the set of beliefs is a non-singleton set) and the agent's preference exhibits ambiguity aversion; in particular, as represented by alpha-maxmin preferences. We construct a direct revelation...
Persistent link: https://www.econbiz.de/10012969749
This chapter provides a critical review of the theories of decision making under risk and under uncertainty and the …
Persistent link: https://www.econbiz.de/10014025531
Persistent link: https://www.econbiz.de/10010366845
Persistent link: https://www.econbiz.de/10010390302
Persistent link: https://www.econbiz.de/10010439597
Persistent link: https://www.econbiz.de/10011714395
are information seeking otherwise. Because belief updating depends on the decision problem in which new information is …
Persistent link: https://www.econbiz.de/10011557745