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A model of reference-dependent belief updating

Maier, Johannes K.; König, Clemens - 2016

are information seeking otherwise. Because belief updating depends on the decision problem in which new information is …

Persistent link: https://www.econbiz.de/10011557745

Regret, responsibility, and randomization : a theory of stochastic choice

Heydari, Pedram - In: Journal of economic theory : JET 217 (2024), pp. 1-16

Persistent link: https://www.econbiz.de/10015067252

Chance theory : a separation of riskless and risky utility

Schmidt, Ulrich; Zank, Horst - 2013

We present a preference foundation for Chance Theory (CT), a model of decision making under uncertainty where the … rationality principles like first-order stochastic dominance or transitivity. Decision makers with CT-preferences always prefer …

Persistent link: https://www.econbiz.de/10010202765

Group decisions, preference elicitation, experienced utility, survival probabilities, and portfolio value of information

Sarin, Rakesh; Keller, L. R. - In: Decision analysis : a journal of the Institute for … 10 (2013) 2, pp. 99-102

Persistent link: https://www.econbiz.de/10009761149

Preference for knowledge

Rommeswinkel, Hendrik; Chang, Hung-Chi; Hsu, Wen-Tai - In: Journal of economic theory 214 (2023), pp. 1-38

Persistent link: https://www.econbiz.de/10014540689

Random ambiguity

Lu, Jay - In: Theoretical economics : TE ; an open access journal in … 16 (2021) 2, pp. 539-570

We introduce a model of random ambiguity aversion. Choice is stochastic due to unobserved shocks to both information and ambiguity aversion. This is modeled as a random set of beliefs in the maxmin expected utility model of Gilboa and Schmeidler (1989). We characterize the model and show that...

Persistent link: https://www.econbiz.de/10012587418