A Smooth Model of Decision Making under Ambiguity
Preprint
- 1 January 2003
- preprint
- Published by Elsevier in SSRN Electronic Journal
Abstract
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 mKeywords
All Related Versions
This publication has 11 references indexed in Scilit:
- Ambiguity Made Precise: A Comparative FoundationJournal of Economic Theory, 2002
- Subjective Probabilities on Subjectively Unambiguous EventsEconometrica, 2001
- Temporal Resolution of Uncertainty and Recursive Non-expected Utility ModelsEconometrica, 2000
- Observing different orders of risk aversionJournal of Risk and Uncertainty, 1994
- A More Robust Definition of Subjective ProbabilityEconometrica, 1992
- First order versus second order risk aversionJournal of Economic Theory, 1990
- Subjective Probability and Expected Utility without AdditivityEconometrica, 1989
- Maxmin expected utility with non-unique priorJournal of Mathematical Economics, 1989
- Temporal Resolution of Uncertainty and Dynamic Choice TheoryEconometrica, 1978
- Risk, Ambiguity, and the Savage AxiomsThe Quarterly Journal of Economics, 1961