A Smooth Model of Decision Making Under Ambiguity.

A Smooth Model of Decision Making Under Ambiguity.

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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...

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Autori principali:	Mukerji, S, Klibanoff, P
Natura:	Journal article
Lingua:	English
Pubblicazione:	Econometric Society 2005

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