Showing 1 - 10 of 81
Whereas many others have scrutinized the Allais paradox from a theoretical angle, we study the paradox from an historical perspective and link our findings to a suggestion as to how decision theory could make use of it today. We emphasize that Allais proposed the paradox as a normative argument,...
Persistent link: https://www.econbiz.de/10012120707
This chapter briefly reviews the present state of judgment aggregation theory and tentatively suggests a future direction for that theory. In the review, we start by emphasizing the difference between the doctrinal paradox and the discursive dilemma, two idealized examples which classically...
Persistent link: https://www.econbiz.de/10012120711
Persistent link: https://www.econbiz.de/10012167561
French Abstract: Les économistes ont coutume de distinguer entre une composante positive et une composante normative de leurs travaux, ce qui est une singularité de leur discipline, car cette distinction n'a pas de répondant exact dans les autres sciences sociales. Elle a fortement évolué...
Persistent link: https://www.econbiz.de/10012115771
Persistent link: https://www.econbiz.de/10009126981
Persistent link: https://www.econbiz.de/10009126985
Stochastic independence has a complex status in probability theory. It is not part of the definition of a probability measure, but it is nonetheless an essential property for the mathematical development of this theory. Bayesian decision theorists such as Savage can be criticized for being...
Persistent link: https://www.econbiz.de/10011958867
Persistent link: https://www.econbiz.de/10008669280
Persistent link: https://www.econbiz.de/10009509896
Persistent link: https://www.econbiz.de/10012815111