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In the wake of growing awareness, decision makers anticipate that they might become aware of material possibilities and …
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Frontmatter -- Preface -- Contents -- Introduction -- 1 A Theory of Choice under Uncertainty with State-Dependent Preferences -- 2 The Measurement of Risk Aversion -- 3 Risk Aversion with State-Dependent Preferences: Some Economic Applications -- 4 Risk Aversion and the Demand for Life Insurance...
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This paper invokes the axiomatic approach to explore the notion of growing awareness in the context of decision making … under uncertainty. It introduces a new approach to modeling the expanding universe of a decision maker in the wake of …
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