probabilities on the new states. The agents in the economy are classified with respect to their attitude towards this Ambiguity: the … financiers are (locally) Ambiguity-seeking while the consumers are Ambiguity-averse. An entrepreneur and a financier come together … contracting problem does not fall within the standard theory due to the presence of Ambiguity (on the financier’s side) and to the …

probabilities on the new states. The agents in the economy are classified with respect to their attitude towards this Ambiguity: the … financiers are (locally) Ambiguity-seeking while the consumers are Ambiguity-averse. An entrepreneur and a financier come … contracting problem does not fall within the standard theory due to the presence of Ambiguity (on the financier’s side) and to the …

-expected utility models hanging on a shaky ground. In particular, it leaves unanswered basic questions such as: (1) Does Ambiguity … Utility (SEU) in the presence of Ambiguity?, and (4) If so, what kind of behavior should emerge in the presence of Ambiguity …The concept of Ambiguity designates those situations where the information available to the decision maker is …

-expected utility models hanging on a shaky ground. In particular, it leaves unanswered basic questions such as: (1) Does Ambiguity … Utility (SEU) in the presence of Ambiguity?; and (4) If so, what kind of behavior should emerge in the presence of Ambiguity …The concept of Ambiguity designates those situations where the information available to the decision maker is …

.S. health care systems. Leakages are defined in terms of individuals who are in bad health and could not have access to health … hypothesis that leakages are less important under the Canadian health care system. …

, the resulting bounds are nar- row enough to show variation in life expectancy with age and self-reported health, the …

We generalize the classical expected-utility criterion by weakening transitivity to Suzumura consistency. In the … expected-utility axioms in addition to Suzumura consistency. An important feature of some members of our new class is that they … allow us to soften the negative impact of wellknown paradoxes without abandoning the expected-utility framework altogether. …

Let 'epsilon' be a class of event. Conditionally Expected Utility decision makers are decision makers whose conditional … preferences ≿E, E є 'epsilon', satisfy the axioms of Subjective Expected Utility theory (SEU). We extend the notion of …