We propose and axiomatize a new model of incomplete preferences under uncertainty, which we call hope …

data with a broad class of models of choice under risk and under uncertainty. Our method allows for risk loving and elation …

broad class of models of choice under risk and under uncertainty. Unlike previous work, we do not require that the agent has …

\ models the rankings for which the decision maker is sure. The second binary relation is an uncertainty averse preference, as … representing $\succsim^{{\small \wedge}}$. In this way, we show that Bewley preferences and uncertainty averse preferences, two … different approaches in modelling decision making under Knightian uncertainty, are complementary. As a by-product, we extend the …

to be better educated and trained in how to approach decision making under uncertainty. If these quantitatively trained … players, playing the simplest game we can think of involving uncertainty and favourable odds, didn't play well, what hope is …