Results 71 to 80 of about 149 (112)

A comment on the axiomatics of the Maxmin Expected Utility model

Theory and Decision, 2022
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
openaire   +2 more sources

MAXMIN EXPECTED UTILITY AND WEIGHT OF EVIDENCE

Oxford Economic Papers, 1994
In 1989, I. Gilboa and D. Schmeidler proposed an extension of subjective expected utility theory called maxmin expected utility. The author presents a new exposition of this theory and suggests an extension of maxmin expected utility that which does not allow strictly dominated alternatives to be chosen.
openaire   +1 more source

Identities for maximum, minimum, and maxmin random utility models

Economics Letters, 2017
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
de Palma, André, Kilani, Karim
openaire   +1 more source

Econometric applications of maxmin expected utility

Journal of Applied Econometrics, 2000
AbstractGilboa and Schmeidler (1989) develop a set of axioms for decision making under uncertainty. The axioms imply a utility function and a set of distributions such that the preference ordering is obtained by calculating expected utility with respect to each distribution in the set, and then taking the minimum of expected utility over the set.
openaire   +1 more source

Optimal Risk Sharing for Maxmin Choquet Expected Utility Model

Acta Mathematicae Applicatae Sinica, English Series
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Tian, De-jian, Wu, Shang-ri
openaire   +2 more sources

A combination of expected utility and maxmin decision criteria

Journal of Mathematical Psychology, 1988
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
openaire   +2 more sources

Maxmin expected utility with additivity on unambiguous events

Journal of Mathematical Economics, 2013
This paper provides a model of beliefs representation in which ambiguity and unambiguity are endogenously distinguished in the maxmin expected utility model of Gilboa and Schmeidler (1989). Specifically, I first extend it by getting a representation of beliefs such that the probabilistic beliefs over each ambiguous event are represented by a ...
openaire   +2 more sources

Maxmin Expected Utility with a Non-Unique Prior

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 ...
Gilboa, Itzhak, Schmeidler, David, Gilboa, Itzhak, Schmeidler, David   +3 more
openaire   +1 more source

A reformulation of the maxmin expected utility model with application to agency theory

Journal of Mathematical Economics, 2009
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
openaire   +2 more sources

Optimal consumption-leisure, portfolio and retirement selection based on α-maxmin expected CES utility with ambiguity

Applied Mathematics-A Journal of Chinese Universities, 2012
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
openaire   +2 more sources