Showing 121 - 130 of 6,372
This paper considers some of the questions raised by the fact that people's behaviour—including their behaviour in experimental environments—has a stochastic component. The nature of this component may be crucial to the interpretation of the patterns of data we observe and the...
Persistent link: https://www.econbiz.de/10005711725
Persistent link: https://www.econbiz.de/10005166817
We provide a model of decision making under uncertainty in which the decision maker reacts to imprecision of the … notions of comparative aversion to imprecision of the data as well as traditional notions of risk aversion. Interestingly, the … study of comparative aversion to imprecision can be done independently of the utility function, which embeds risk attitudes …
Persistent link: https://www.econbiz.de/10005696846
We argue, in the spirit of some of Jean-Yves Jaffray's work, that explicitly incorporating the information, however imprecise, available to the decision marker is relevant, feasible and fruitful. In particular, we show that it can lead us to know whether the decision maker has wrong beliefs and...
Persistent link: https://www.econbiz.de/10010738628
imprecision in multi-attribute value trees. This paper studies the effects of a hierarchical model structure on the overall … imprecision, as the form of the hierarchy also affects the form of imprecision that can be assigned to the model. The aim is to … find out good procedural practices for reducing overall imprecision descending inherently from the model structure. The …
Persistent link: https://www.econbiz.de/10010574209
that aims at separating attitudes toward risk, imprecision and conflict and at determining if there is a demand for … under risk than under ambiguity (embracing here imprecision and conflict), revealing that people consider ambiguous … situations as inferior. Furthermore, respondents behave differently under imprecision and conflict. They exhibit a preference for …
Persistent link: https://www.econbiz.de/10010711859
This paper addresses the integration of ill-know requirements (imprecision or uncertainty on f quantities or due dates …
Persistent link: https://www.econbiz.de/10010820864
We argue, in the spirit of some of Jean-Yves Jaffray's work, that explicitly incorporating the information, however imprecise, available to the decision marker is relevant, feasible and fruitful. In particular, we show that it can lead us to know whether the decision maker has wrong beliefs and...
Persistent link: https://www.econbiz.de/10008622016
The open world assumption in ontologies representing knowledge may assign deficient (imprecise) meaning for ontology concepts which are language adjectives referring the meaning of classes of objects (individuals). The interpretation of an imprecise (vague) concept is by three subsets of...
Persistent link: https://www.econbiz.de/10012044827
This paper derives a representation of preferences for a choice theory with vague environments; vague in the sense that the agent does not know the precise lotteries over outcomes conditional on states. Instead, he knows only a possible set of these lotteries for each state. Thus, this paper's...
Persistent link: https://www.econbiz.de/10011940708