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Chambers, Christopher P.; Healy, Paul J. - In: Economic theory : official journal of the Society for … 50 (2012) 3, pp. 765-786

Persistent link: https://www.econbiz.de/10009581386

Rational decisions in large worlds

Binmore, Ken - In: Annales d'économie et de statistique 86 (2007), pp. 25-45

Persistent link: https://www.econbiz.de/10003736513

The psychology of dynamic probability judgment : order effect, normative theories, and experimental methodology

Baratgin, Jean; Politzer, Guy - In: Mind & society : adaptive behaviours under risk and … 6 (2007) 1, pp. 53-66

Persistent link: https://www.econbiz.de/10003629103

Estimating Bayesian Decision Problems with Heterogeneous Priors

Hansen, Stephen - 2013

In many areas of economics there is a growing interest in how expertise and preferences drive individual and group decision making under uncertainty. Increasingly, we wish to estimate such models to quantify which of these drive decision making. In this paper we propose a new channel through...

Persistent link: https://www.econbiz.de/10013083494

Behavioral Inattention

Gabaix, Xavier - 2017

microeconomics, as in consumer theory and Arrow-Debreu. A last section is devoted to open questions in the attention literature …

Persistent link: https://www.econbiz.de/10012941474

Bayesian Decision Theory and Stochastic Independence

Mongin, Philippe - 2019

Stochastic independence (SI) has a complex status in probability theory. It is not part of the definition of a … probability measure, but it is nonetheless an essential property for the mathematical development of this theory, hence a property … that any theory on the foundations of probability should be able to account for. Bayesian decision theory, which is one …

Persistent link: https://www.econbiz.de/10012872039

Bayesian Decision Making in Groups is Hard

Hązła, Jan - 2020

We study the computations that Bayesian agents undertake when exchanging opinions over a network. The agents act repeatedly on their private information and take myopic actions that maximize their expected utility according to a fully rational posterior belief. We show that such computations are...

Persistent link: https://www.econbiz.de/10012853591

A Robust Approach to Optimal Portfolio Choice with Parameter Uncertainty

Lassance, Nathan; Martin-Utrera, Alberto; Simaan, Majeed - 2021

It is well known that estimated mean-variance portfolios deliver, on average, poor out-of-sample performance. A lesser-known fact that we characterize in this paper is that their out-of-sample performance is also very volatile. Using our analytical characterization of out-of-sample performance...

Persistent link: https://www.econbiz.de/10013226237

Consumer Credit Limit Assignment Using Bayesian Decision Theory and Fuzzy Logic – A Practical Approach

Paul, Uttiya; Biswas, Angshuman - 2021

generalized theory of consumer credit limit assignment. However it is natural to surmise that an accurate and dynamic credit limit … misclassification error, Bayesian decision theory can be employed instead of scorecards for a more accurate credit limit strategy …

Persistent link: https://www.econbiz.de/10013248805

Bandit with similarity information

Radoc, Benjamin - 2020

Persistent link: https://www.econbiz.de/10013272111