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In the wake of growing awareness, decision makers anticipate that they might become aware of material possibilities and ideas that, in their current state of ignorance, are unimaginable. This anticipation manifests itself in their choice behavior. This paper models this awareness of unawareness...
Persistent link: https://www.econbiz.de/10010368297
In this note we clarify and generalize the main result in Karni and Viero (2013) by allowing the discovery of new consequences to nulllify some states that were non-null before the discovery.
Persistent link: https://www.econbiz.de/10011939451
This paper invokes the axiomatic approach to explore the notion of growing awareness in the context of decision making under uncertainty. It introduces a new approach to modeling the expanding universe of a decision maker in the wake of becoming aware of new consequences, new acts, and new links...
Persistent link: https://www.econbiz.de/10010397795
This paper invokes the axiomatic approach to explore the notion of growing awareness in the context of decision making under uncertainty. It introduces a new approach to modeling the expanding universe of a decision maker in the wake of becoming aware of new consequences, new acts, and new links...
Persistent link: https://www.econbiz.de/10010290333
This paper introduces measures of overall incompleteness of preference relations under risk and uncertainty, as well as measures of incompleteness of beliefs and tastes. These measures are used to define "more incomplete than" relations among different preference relations. We show how greater...
Persistent link: https://www.econbiz.de/10012431086
This paper invokes the axiomatic approach to explore the notion of growing awareness in the context of decision making under uncertainty. It introduces a new approach to modeling the expanding universe of a decision maker in the wake of becoming aware of new consequences, new acts, and new links...
Persistent link: https://www.econbiz.de/10008824907
This paper invokes the axiomatic approach to explore the notion of growing awareness in the context of decision making under uncertainty. It introduces a new approach to modeling the expanding universe of a decision maker in the wake of becoming aware of new consequences, new acts, and new links...
Persistent link: https://www.econbiz.de/10009511743
In the wake of growing awareness, decision makers anticipate that they might become aware of material possibilities and ideas that, in their current state of ignorance, are unimaginable. This anticipation manifests itself in their choice behavior. This paper models this awareness of unawareness...
Persistent link: https://www.econbiz.de/10010246087
Persistent link: https://www.econbiz.de/10010246499
Persistent link: https://www.econbiz.de/10011477827