Showing 1 - 10 of 20
Persistent link: https://www.econbiz.de/10001206954
Persistent link: https://www.econbiz.de/10001221911
Persistent link: https://www.econbiz.de/10001141741
Economic modeling assumes, for the most part, that agents are Bayesian, that is, that they entertain probabilistic beliefs, objective or subjective, regarding any event in question. We argue that the formation of such beliefs calls for a deeper examination and for explicit modeling. Models of...
Persistent link: https://www.econbiz.de/10012725715
Economic modeling assumes, for the most part, that agents are Bayesian, that is, that they entertain probabilistic beliefs, objective or subjective, regarding any event in question. We argue that the formation of such beliefs calls for a deeper examination and for explicit modeling. Models of...
Persistent link: https://www.econbiz.de/10012729473
Persistent link: https://www.econbiz.de/10010200248
Persistent link: https://www.econbiz.de/10001067734
Persistent link: https://www.econbiz.de/10001189111
Persistent link: https://www.econbiz.de/10000789508
Utility theory with uncertainty describes a class of models designed to formalize the manner in which a decision maker chooses among alternative courses of action when the consequences of each course of action are not known at the time the choice is made. The distinguishing characteristic of the...
Persistent link: https://www.econbiz.de/10014025097