A Smooth Model of Decision Making Under Ambiguity.

We propose and axiomatize a model of preferences over acts such that the decision maker prefers act f to act g if and only if Eμφ (Eπu ◦ f) ≥ Eμφ (Eπu ◦ g), where E is the expectation operator, u is a vN-M utility function, φ is an increasing transformation, and μ is a subjective probability over th...

पूर्ण विवरण

ग्रंथसूची विवरण
मुख्य लेखकों: Mukerji, S, Klibanoff, P
स्वरूप: Journal article
भाषा:English
प्रकाशित: Econometric Society 2005

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