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Foundations of ambiguity models under symmetry: α-MEU and smooth ambiguity

Klibanoff, Peter; Mukerji, Sujoy; Seo, Kyoungwon; … - 2021

The α-MEU model and the smooth ambiguity model are two popular models in decision making under ambiguity. However, the …

Persistent link: https://www.econbiz.de/10012670885

Case-Based Belief Formation under Ambiguity

Eichberger, Jürgen; Guerdjikova, Ani - 2010

In this paper, we consider a decision-maker who tries to learn the distribution of outcomes from previously observed cases. For each observed database of cases the decision-maker predicts a set of priors expressing his beliefs about the underlying probability distribution. We impose a version of...

Persistent link: https://www.econbiz.de/10010270218

Foundations of ambiguity and economic modeling

Mukerji, Sujoy - Department of Economics, Oxford University - 2009

Are foundations of models of ambiguity-sensitive preferences too flawed to be usefully applied to economic models? Al …-Najjar and Weinstein do not apply to quite a few of the ambiguity preference models of more recent vintage, and therefore to that … extent do not undermine the foundational aspects or applicability of ambiguity models in general. Second, we argue the focus …

Persistent link: https://www.econbiz.de/10004999235

Foundations of ambiguity models under symmetry : α-MEU and smooth ambiguity

Klibanoff, Peter; Mukerji, Sujoy; Seo, Kyoungwon; … - 2021 - This Version: January 13, 2021

The α-MEU model and the smooth ambiguity model are two popular models in decision making under ambiguity. However, the …

Persistent link: https://www.econbiz.de/10012422419

Beyond uncertainty aversion

Hill, Brian - 2019

Although much of the theoretical literature on ambiguity works under the assumption of uncertainty aversion …

Persistent link: https://www.econbiz.de/10012266826

Models of Equilibrium Pricing with Internalized Powers of Independent Judgment Based on Autonomy

Aoki, Takaaki - 2000

In this paper I want to describe one way of thinking about information. In effect, this paper relates to the notion that organizational or societal models of economic equilibrium incorporate a decision-making mechanism that is influenced by the independent judgment of each individual. This...

Persistent link: https://www.econbiz.de/10015215204

Business intelligence as the support of decision-making processes in e-commerce systems environment

Suchánek, Petr; Slaninova, Kateřina; Bucki, Robert - 2010

The present state of world economy urges managers to look for new methods, which can help to start the economic growth. To achieve this goal, managers use standard as well as new procedures. The fundamental prerequisite of the efficient decision-making processes are actual and right information....

Persistent link: https://www.econbiz.de/10015224654

The Institutional Framework and Decision Making in Sudan

Mohamed, Issam A.W. - 2010

The study here reviews the institutional structure of the Sudanese government. Truly, though it is stigmatized as totalitarian, the structure is phenotypically perfect. Ministry of Ministries council is supposed to cater for analyzing data concerning ministries performance, drawing strategic...

Persistent link: https://www.econbiz.de/10015229131

From degrees of belief to binary beliefs: Lessons from judgment-aggregation theory

Dietrich, Franz; List, Christian - 2014

What is the relationship between degrees of belief and binary beliefs? Can the latter be expressed as a function of the former – a so-called “belief-binarization rule” – without running into difficulties such as the lottery paradox? We show that this problem can be usefully analyzed from...

Persistent link: https://www.econbiz.de/10015257184

Signaling in the shadow of conflict

Wolton, Stephane - 2018

Informational asymmetries have long been recognized as one of the causes of wasteful conflicts. Signaling has been found to be an effective tool for interested parties to truthfully communicate private information. Can signaling help reduce the risk of conflict? I study this question in a model...

Persistent link: https://www.econbiz.de/10015258899