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This paper examines Becker's thesis that the hypothesis that choices maximise expected utility relative to fixed and universal tastes provides a general framework for the explanation of behaviour. Three different models of preference revision are presented and their scope evaluated. The first,...
Persistent link: https://www.econbiz.de/10010746086
This paper characterizes different belief revision rules in a unified framework: Bayesian revision upon learning some event, Jeffrey revision upon learning new probabilities of some events, Adams revision upon learning some new conditional probabilities, and `dual-Jeffrey' revision upon learning...
Persistent link: https://www.econbiz.de/10011110170
L'article examine les relations qu'entretiennent les conditions suivantes, formulées dans la théorie axiomatique de la décision de Jeffrey-Bolker. (1) La condition utilitariste voulant que l'utilité espérée de la société se représente comme une somme pondérée des utilités espérées...
Persistent link: https://www.econbiz.de/10008794163
Reports of the Intergovernmental Panel on Climate Change (IPCC) employ an evolving framework of calibrated language for assessing and communicating degrees of certainty in findings. A persistent challenge for this framework has been ambiguity in the relationship between multiple...
Persistent link: https://www.econbiz.de/10012120683