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A note on "Re-examining the law of iterated expectations for Choquet decision makers"
Lapied, André; Toquebeuf, Pascal - HAL - 2011
This note completes the main result of [Zimper A., (2010) Re-examining the law of iterated expectations for Choquet decision makers. Theory and decision, DOI 10.1007/s11238-010-9221-8], by showing that additional conditions are needed in order the law of iterated expectations to hold true for...
Persistent link: https://www.econbiz.de/10010821199
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A note on "Re-examining the law of iterated expectations for Choquet decision makers"
LAPIED, ANDRE; TOQUEBEUF, PASCAL - TEPP Fédération de Recherche Travail Emploi et …
This note completes the main result of [Zimper A., (2010) Re-examining the law of iterated expectations for Choquet decision makers. Theory and decision, DOI 10.1007/s11238-010-9221-8], by showing that additional conditions are needed in order the law of iterated expectations to hold true for...
Persistent link: https://www.econbiz.de/10010571579
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Dynamically consistent CEU preferences
Lapied, André; Toquebeuf, Pascal - HAL - 2011
We give an axiomatic foundation to the updating rule proposed by [Sarin, R. and Wakker, P. P. (1998). Revealed …
Persistent link: https://www.econbiz.de/10010899878
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Dynamically consistent CEU preferences
LAPIED, ANDRE; TOQUEBEUF, PASCAL - TEPP Fédération de Recherche Travail Emploi et …
We give an axiomatic foundation to the updating rule proposed by [Sarin, R. and Wakker, P. P. (1998). Revealed …
Persistent link: https://www.econbiz.de/10010571581
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Updating Choquet capacities: a general framework
Kast, Robert; Lapied, André; Toquebeuf, Pascal - In: Economics Bulletin 32 (2012) 2, pp. 1495-1503
Several updating rules for Choquet capacities have been proposed in the literature. We propose to study them in a … several relations between unconditional and conditional expectations and observe which updating rule is able to resolve such … and such a relation. It allows to specify which updating rule should be used depending on the decision context. …
Persistent link: https://www.econbiz.de/10011278709
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On the Mathematical Basis of Inter-temporal Optimization
Hendry, David; Mizon, Grayham E. - Department of Economics, Oxford University - 2010
Almost no economic time series is either weakly or strictly stationary: distributions of economic variables shift over time.  Thus, the present treatment of expectations in economic theories of inter-temporal optimization is inappropriate.  It cannot be proved that conditional expectations...
Persistent link: https://www.econbiz.de/10008489379
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Subjective Probabilities on Subjectively Unambiguous Events
Epstein, Larry G.; Zhang, Jiankang - Carleton University, Department of Economics - 1999
The paper suggests a behavioural definition of (subjective) ambiguity in an abstract setting where objects of choice are Savage-style acts. Then axioms are described that deliver probabilistic sophistication of preference on the set of unambiguous acts. In particular, both the domain and the...
Persistent link: https://www.econbiz.de/10005168887
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The value of information with neo-additive beliefs
Toquebeuf, Pascal - In: Economics Bulletin 33 (2013) 3, pp. 2402-2406
When individual beliefs are not Bayesian, economic agents may refuse further information about the uncertainty they are facing. Choquet decision makers in particular may be information averse. This note shows that, if the capacity is neo-additive, then the information value is necessarily positive.
Persistent link: https://www.econbiz.de/10010693313
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Climate change adaptation with limited resources: adaptive capacity and action in small- and medium-sized municipalities
Fila, Dennis; Fünfgeld, Hartmut; Dahlmann, Heindriken - In: Environment, Development and Sustainability 26 (2023) 3, pp. 5607-5627
Administrations in small- and medium-sized municipalities (SMM) are confronted with the impacts of climate change while having inadequate resources to adapt. In order to establish the current state of research on climate change adaptation in SMM, a systematic literature review was conducted....
Persistent link: https://www.econbiz.de/10015197744
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The Economics of Human Development and Social Mobility
Heckman, James J.; Mosso, Stefano - 2014
This paper distills and extends recent research on the economics of human development and social mobility. It summarizes the evidence from diverse literatures on the importance of early life conditions in shaping multiple life skills and the evidence on critical and sensitive investment periods...
Persistent link: https://www.econbiz.de/10010333285