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which they assign probabilities. This paper describes a theory of probability that is fully subjective in the sense that … both the domain and the values of the probability measure are derived from preference. The key is a formal definition for …
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While universal health coverage (UHC) offers a powerful goal for a nation, all countries-irrespective of income are struggling with achieving or sustaining UHC. France is a high-income country where HC is in effect universal. Health-related costs are covered by a mix of mandatory social health...
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The objective of this paper is to explore the extent to which human judgement and resultant decision-making in a natural setting reflects the performance characteristics suggested by experimental work. in order to explore the quality of decisions made in a natural setting, an analysis is...
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Our major claim is that when people behave strategically,it is wrong to interpret the betting rates they announce as their subjective probabilities of the different events. Instead, these rates should be understood as the prices at which subjects are willing to trade certain goods (simple...
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This paper discusses two ways in which decision makers facing sequential choices can make themselves invulnerable to Dutch books.
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