Showing 251 - 255 of 255
Persistent link: https://www.econbiz.de/10010695551
The approachability theorem of Blackwell (1956b) is extended to infinite dimensional spaces. Two players play a sequential game whose payoffs are random variables. A set C of random variables is said to be approachable by player 1 if he has a strategy that ensures that the difference between the...
Persistent link: https://www.econbiz.de/10005755657
Persistent link: https://www.econbiz.de/10005755735
Persistent link: https://www.econbiz.de/10005755757
We characterize preferences over acts that can be represented by a utility function and a multiple-prior, such that an act f is preferred to act g if there is a prior under which the expected utility induced by f is higher than that induced by g. These preferences are referred to as justifiable...
Persistent link: https://www.econbiz.de/10008860949