Results 11 to 20 of about 56,302 (135)
Maxmin Expected Utility with a Non-Unique Prior [PDF]
, 1986 Acts are functions from states of nature into finite-support distributions over a set of 'deterministic outcomes'. We characterize preference relations over acts which have a numerical representation by the functional J(f) = min > {∫ uo f dP / P∈C } where f is an act, u is a von Neumann-Morgenstern utility over outcomes, and C is a closed and convex ...
Itzhak Gilboa +3 more
openalex +2 more sources
An Efficient Revealed Preference Test for the Maxmin Expected Utility Model
, 2020 info:eu-repo/semantics ...
Thomas Demuynck, Clément Staner
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Bayesian Updating for General Maxmin Expected Utility Preferences [PDF]
, 2001 A characterization of “generalized Bayesian updating” in a maxmin expected utility setting is provided. The key axioms are consequentialism and constant-act dynamic consistency. The latter requires that, if an arbitrary act f is preferred (inferior) to a constant act y conditional upon E, and if f dominates (is dominated by) y pointwise on the ...
Marciano Siniscalchi
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MAxmin expected utility with non-unique prior [PDF]
, 2004 ITZHAK GILBOA, DAVID SCHMEIDLER
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Maxmin expected utility with non-unique prior
, 1989 Itzhak Gilboa, David Schmeidler
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Maxmin Expected Utility as Resulting from Disagreement Among Experts
Shiri Alon, Gabrielle Gayer
+4 more sources
Testing Hurwicz Expected Utility
Econometrica, 2023 Gul and Pesendorfer (2015) propose a promising theory of decision under uncertainty, they dub Hurwicz expected utility (HEU). HEU is a special case of α‐maxmin EU that allows for preferences over sources of uncertainty.
H. Bleichrodt, S. Grant, Jingni Yang
semanticscholar +1 more source
Modeling rational decisions in ambiguous situations: a multi-valued logic approach
Business Research, 2019 If a decision context is completely precise, making good decisions is relatively easy. In the presence of ambiguity, rational decision-making is incomparably more challenging.
Olga Metzger, Thomas Spengler
doaj +1 more source
Advanced Intelligent Discovery, EarlyView.This article establishes a Taguchi–Bayesian sampling strategy to reconstruct polymer processing–property landscape at minimal sampling cost, generically building the roadmap for materials database construction from sampling their vast design space. This sampling strategy is featured by an alternating lesson between uniformity and representativeness ...
Han Liu, Liantang Li
wiley +1 more source
Why Do Hedgers Hedge? The Role of Ambiguity
Journal of Futures Markets, EarlyView.ABSTRACT This paper investigates whether ambiguity influences hedging behavior in commodity futures markets. Using high‐frequency crude oil futures data, distinct measures of risk and ambiguity are linked to weekly hedging positions from the Commodity Futures Trading Commission (CFTC).
Fiona Höllmann
wiley +1 more source