Showing 1 - 10 of 14
Persistent link: https://www.econbiz.de/10011525222
Persistent link: https://www.econbiz.de/10011376350
Persistent link: https://www.econbiz.de/10012238241
Persistent link: https://www.econbiz.de/10010393544
In many decisions under uncertainty, there are constraints on both the available information and the feasible actions. The agent can only make certain observations of the state space, and she cannot make them with perfect accuracy — she has imperfect perception. Likewise, she can only perform...
Persistent link: https://www.econbiz.de/10012922515
In many decisions under uncertainty, there are technological constraints on the acts an agent can perform and on the events she can observe. To model this, we assume that the set S of possible states of the world and the set X of possible outcomes each have a topological structure. The only...
Persistent link: https://www.econbiz.de/10012922525
Let X be a connected metric space, let N be the set of natural numbers, and let be a preference order defined on a suitable subset of X^N. I characterize when has a Cesàro average utility representation. This means that there is a continuous function u from X into the real numbers, such that...
Persistent link: https://www.econbiz.de/10012825237
An agent faces a decision under uncertainty with the following structure. There is a set A of “acts”; each will yield an unknown real-valued payoff. Linear combinations of acts are feasible; thus, A is a vector space. But there is no pre-specified set of states of nature. Instead, there is a...
Persistent link: https://www.econbiz.de/10012912951
Persistent link: https://www.econbiz.de/10012373044
Persistent link: https://www.econbiz.de/10012625721