Gilboa, Itzhak; Samuelson, Larry - In: Theoretical economics : TE ; an open access journal in … 17 (2022) 2, pp. 507-519
Decision theory can be used to test the logic of decision making - one may ask whether a given set of decisions can be … justified by a decision-theoretic model. Indeed, in principal-agent settings, such justifications may be required - a manager of … simultaneously justified under the maxmin expected utility criterion by a single set of probabilities. We draw connections to the the …
