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We develop awareness-dependent subjective expected utility by taking unawareness structures introduced in Heifetz …, Meier, and Schipper (2006, 2008, 2011a) as primitives in the Anscombe-Aumann approach to subjective expected utility. We … negation of the event is "null". Moreover, we characterize "impersonal" expected utility that is behaviorally indistinguishable …
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This paper extends Savage's subjective approach to probability and utility from decision problems under exogenous …
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We develop awareness-dependent subjective expected utility by taking unawareness structures introduced in Heifetz …, Meier, and Schipper (2006, 2008, 2011a) as primitives in the Anscombe-Aumann approach to subjective expected utility. We … negation of the event is ``null'. Moreover, we characterize ``impersonal' expected utility that is behaviorally …
Persistent link: https://www.econbiz.de/10009542461