Daniel Ellsberg and the Validation of Normative Propositions

In the history of decision theory Daniel Ellsberg is known because his seminal paper “Risk, ambiguity and the Savage axioms” presented the counterexample to Bayesian decision-making that got the normative value of the theory into trouble. An assessment of Ellsberg’s contribution in the more encompas...

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Bibliographic Details
Main Author: Carlo Zappia
Format: Article
Language:English
Published: Association Œconomia 2016-03-01
Series:Œconomia
Subjects:
Online Access:http://journals.openedition.org/oeconomia/2276