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We propose an extension of Harsanyi's Impartial Observer Theorem based on the representation of ignorance as the set of all possible probability distributions over individuals. We obtain a characterization of the observer's preferences that, under our most restrictive conditions, is a convex...
Persistent link: https://www.econbiz.de/10010750385
Most prominent models of economic justice (and especially those proposed by Harsanyi and Rawls) are based on the assumption that impartiality is required for making moral decisions. However, although Harsanyi and Rawls agree on that, and furthermore agree on the fact that impartiality can be...
Persistent link: https://www.econbiz.de/10008795082
We propose an extension of Harsanyi's Impartial Observer Theorem based on the representation of ignorance as the set of all possible probability distributions over individuals. We obtain a characterization of the observer's preferences that, under our most restrictive conditions, is a convex...
Persistent link: https://www.econbiz.de/10008795802
Persistent link: https://www.econbiz.de/10003741231
Persistent link: https://www.econbiz.de/10008080378
Persistent link: https://www.econbiz.de/10005596472
Most prominent models of economic justice (and especially those proposed by Harsanyi and Rawls) are based on the assumption that impartiality is required for making moral decisions. However, although Harsanyi and Rawls agree on that, and furthermore agree on the fact that impartiality can be...
Persistent link: https://www.econbiz.de/10005696864
Tribute to Jean-Yves Jaffray by the French Group of Decision Theory
Persistent link: https://www.econbiz.de/10009647522
This paper presents an axiomatic model of decision making which incorporates objective but imprecise information. We axiomatize a decision criterion of the multiple priors (or maxmin expected utility) type. The model achieves two primary objectives. First, it explains how subjective belief...
Persistent link: https://www.econbiz.de/10010750369
We develop an axiomatic approach to decision under uncertainty that explicitly takes into account the information available to the decision maker. The information is described by a set of priors and a reference prior. We define a notion of imprecision for this informational setting and show that...
Persistent link: https://www.econbiz.de/10010750380