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Axiomatic foundations of expected utility and subjective probability

Karni, Edi - 2014

Persistent link: https://www.econbiz.de/10010366845

Chapter 1. Axiomatic Foundations of Expected Utility and Subjective Probability

Karni, Edi - In: Handbook of the economics of risk and uncertainty : volume 1, (pp. 1-39). 2014

This chapter provides a critical review of the theories of decision making under risk and under uncertainty and the notion of choice-based subjective probabilities. It includes formal statements and discussions of the various models, including their analytical frameworks, the corresponding...

Persistent link: https://www.econbiz.de/10014025531

Bayesian decision theory with action-dependent probabilities and risk attitudes

Karni, Edi - In: Economic theory : official journal of the Society for … 53 (2013) 2, pp. 335-356

Persistent link: https://www.econbiz.de/10009752717

Probabilistically sophisticated choice : an alternative axiomatization

Karni, Edi - In: Revue économique : revue bimestrielle 71 (2020) 2, pp. 307-312

Persistent link: https://www.econbiz.de/10012581721

Probabilistic sophistication without completeness

Karni, Edi - In: Journal of mathematical economics 89 (2020), pp. 8-13

Persistent link: https://www.econbiz.de/10012662073

Irresolute choice behavior

Karni, Edi - In: International journal of economic theory 20 (2024) 1, pp. 70-87

Persistent link: https://www.econbiz.de/10014468097

Chapter 17. Ambiguity and Nonexpected Utility

Karni, Edi; Maccheroni, Fabio; Marinacci, Massimo - In: Handbook of game theory with economic applications : …, (pp. 901-947). 2015

“linearity in the probabilities” aspect of expected utility theory to game theory. The chapter consists of two main parts: The …-dependent utility models and cumulative prospect theory. The second part reviews theories of decision making under uncertainty that …

Persistent link: https://www.econbiz.de/10014025442