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(respectively sets of probability distributions) over utility relevant consequences. We provide an axiomatic foundation for and a … and second order dominance for ambiguous problems; a utility interval based dominance relation that distinguishes between …
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Many decision situations involve two or more of the following divergences from subjective expected utility: imprecision … of beliefs (or ambiguity), imprecision of tastes (or multi-utility), and state dependence of utility. Examples include … phenomena, as well as state-dependent multi-utility generalisations of popular ambiguity models …
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null hypothesis of subjective expected utility for a majority of subjects. Most of the remaining subjects exhibit …
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