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Aggregation of Monotonic Bernoullian Archimedean preferences : Arrovian impossibility results
Herzberg, Frederik - 2013
proposed a very general axiomatisation of preferences in the presence of ambiguity, viz. Monotonic Bernoullian Archimedean (MBA …
Persistent link: https://www.econbiz.de/10010187944
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Aggregation of Monotonic Bernoullian Archimedean preferences: Arrovian impossibility results
Herzberg, Frederik - Institut für Mathematische Wirtschaftsforschung, … - 2013
proposed a very general axiomatisation of preferences in the presence of ambiguity, viz. Monotonic Bernoullian Archimedean (MBA …
Persistent link: https://www.econbiz.de/10011098639
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Arrovian aggregation of MBA preferences : an impossibility result ; conference paper
Herzberg, Frederik - 2013
axiomatised preferences in the presence of ambiguity as Monotonic Bernoullian Archimedean (MBA) preferences. We investigate the …
Persistent link: https://www.econbiz.de/10010338890
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A representative individual from arrovian aggregation of parametric individual utilities
Herzberg, Frederik - 2009
ultraproduct of the reals with respect to the ultrafilter of decisive coalitions; this construction explicitly determines the …
Persistent link: https://www.econbiz.de/10010272588
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A representative individual from Arrovian aggregation of parametric individual utilities
Herzberg, Frederik - Institut für Mathematische Wirtschaftsforschung, … - 2009
ultraproduct of the reals with respect to the ultrafilter of decisive coalitions; this construction explicitly determines the …
Persistent link: https://www.econbiz.de/10005002284
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Ordering ambiguous acts
Jewitt, Ian; Mukerji, Sujoy - 2017
ambiguity averse relation. First, we define two notions of more ambiguous with respect to such a class. A more ambiguous (I) act … makes an ambiguity averse decision maker (DM) worse off but does not affect the welfare of an ambiguity neutral DM. A more … ambiguous (II) act adversely affects a more ambiguity averse DM more, as measured by the compensation they require to switch …
Persistent link: https://www.econbiz.de/10011694759
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The evolutionary stability of optimism, pessimism, and complete ignorance
Schipper, Burkhard - 2019
We provide an evolutionary foundation to evidence that in some situations humans maintain either optimistic or pessimistic attitudes towards uncertainty and are ignorant to relevant aspects of the environment. Players in strategic games face Knightian uncertainty about opponents' actions and...
Persistent link: https://www.econbiz.de/10012101422
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Navigating ambiguity : imprecise probabilities and the updating of disease risk beliefs
Kerwin, Jason; Pandey, Divya - 2023
Probabilistic risk beliefs are key drivers of economic and health decisions, but people are not always certain about their beliefs. We study these "imprecise probabilities", also known as ambiguous beliefs. We show that imprecision is measurable separately from the levels of risk beliefs. People...
Persistent link: https://www.econbiz.de/10014390526
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The evolutionary stability of optimism, pessimism and complete ignorance
Schipper, Burkhard - 2005
We provide an evolutionary foundation to evidence that in some situations humans maintain optimistic or pessimistic attitudes towards uncertainty and are ignorant to relevant aspects of the environment. Players in strategic games face Knightian uncertainty about opponents' actions and maximize...
Persistent link: https://www.econbiz.de/10010366542
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Impossibility results for infinite-electorate abstract aggregation rules
Herzberg, Frederik; Eckert, Daniel - 2009
impossibility results for free ultrafilters: The domain of an ultraproduct over a free ultrafilter extends the individual factor … preferences that it generalises. This is due to the fact that the typical judgment aggregation problem induces an ultrafilter on …, dictatorship then immediately follows from the principality of an ultrafilter on a finite set. This is not the case for an infinite …
Persistent link: https://www.econbiz.de/10010272584