Showing 1 - 3 of 3
Persistent link: https://www.econbiz.de/10011573739
Persistent link: https://www.econbiz.de/10010390302
The Maxmin Expected Utility decision rule suggests that the decision maker can be characterized by a utility function and a set of prior probabilities, such that the chosen act maximizes the minimal expected utility, where the minimum is taken over the priors in the set. Gilboa and Schmeidler...
Persistent link: https://www.econbiz.de/10010785018