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inclination to choose one of the actions. Due to influence among players, the final decision of a player, i.e., his choice of one … influence another player with different inclination, and as a result of this influence, the decision of the player is closer to …
Persistent link: https://www.econbiz.de/10010549106
each agent is inclined to make a particular decision, but due to a possible influence of the others, his final decision may …
Persistent link: https://www.econbiz.de/10010605336
We develop an axiomatic approach to decision under uncertainty that explicitly takes into account the information … available to the decision maker. The information is described by a set of priors and a reference prior. We define a notion of … imprecision for this informational setting and show that a decision maker who is averse to information imprecision maximizes the …
Persistent link: https://www.econbiz.de/10010750380
We review recent advances in the field of decision making under uncertainty or ambiguity. …
Persistent link: https://www.econbiz.de/10010738626
This paper provides a general framework for a unifying treatment of stochastic dominance of any degree and of any type (direct or inverse for each final or intermediary level). It gives the conditions for the congruence between stochastic dominance and classes of utility functions in this...
Persistent link: https://www.econbiz.de/10010821246
agent is inclined to make a particular decision, but due to a possible influence of the others, his final decision may be …
Persistent link: https://www.econbiz.de/10010898370
de prise de décision : analogique, déductif et inductif. Ces processus soulignent la complexité des relations entre les …
Persistent link: https://www.econbiz.de/10010898885
attention. They nonetheless constituted an opportunity to introduce a sophisticated analysis of individual decision under risk … sensitivity to favorable and unfavorable events, expressed by a concave function, introduced in the Theory of Moral Sentiments …
Persistent link: https://www.econbiz.de/10010899316
this theorem to explain the well-known problems of utility and decision theories, such as risk aversion, the underweighting … interpretation, probability theory, statistics, management, finance, investment, insurance, etc. …
Persistent link: https://www.econbiz.de/10010899454
agent is inclined to make a particular decision, but due to a possible influence of the others, his final decision may be …
Persistent link: https://www.econbiz.de/10010784105