A smooth model of decision, making under ambiguity
We propose and axiomatize a model of preferences over acts such that the decision maker evaluates acts according to the expectation (over a set of probability measures) of an increasing transformation of an act's expected utility. This expectation is calculated using a subjective probability ov...
| Asıl Yazarlar: | , , |
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| Materyal Türü: | Working paper |
| Baskı/Yayın Bilgisi: |
University of Oxford
2002
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