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The Anscombe-Aumann representation and the independence axiom : a reconsideration
Borah, Abhinash; Kops, Christopher - In: Theory and decision : an international journal for … 80 (2016) 2, pp. 210-226
Persistent link: https://www.econbiz.de/10011593658
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An expected utility theory for state-dependent preferences
Karni, Edi; Schmeidler, David - In: Theory and decision : an international journal for … 81 (2016) 4, pp. 467-478
Persistent link: https://www.econbiz.de/10011594119
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Rationality and dynamic consistency under risk and uncertainty
Hammond, Peter J.; Zank, Horst - 2013
Persistent link: https://www.econbiz.de/10010342733
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Rationality and dynamic consistency under risk and uncertainty
Hammond, Peter J.; Zank, Horst - 2014
Persistent link: https://www.econbiz.de/10010366843
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Chapter 2. Rationality and Dynamic Consistency Under Risk and Uncertainty
Hammond, Peter J.; Zank, Horst - In: Handbook of the economics of risk and uncertainty : volume 1, (pp. 41-97). 2014
objectively (resp. subjectively) expected value of a von Neumann-Morgenstern utility function. For choice under risk, this implies … concerning behavior in decision trees. Following Cubitt (1996) , these principles include dynamic consistency, separability, and … subtrees as well as entire decision trees. Examples of behavior violating these principles are also reviewed, as are possible …
Persistent link: https://www.econbiz.de/10014025530
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Subjective expected utility with imperfect perception
Pivato, Marcus; Vergopoulos, Vassilios - In: Journal of mathematical economics 88 (2020), pp. 104-122
Persistent link: https://www.econbiz.de/10012589931
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A characterization of Cesàro average utility
Pivato, Marcus - In: Journal of economic theory 201 (2022), pp. 1-26
Persistent link: https://www.econbiz.de/10013373139
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Subjective expected utility with state-dependent but action/observation-independent preferences
Drèze, Jacques H. - 2015
Persistent link: https://www.econbiz.de/10011580724
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Range-dependent utility
Kontek, Krzysztof; Lewandowski, Michał - In: Management science : journal of the Institute for … 64 (2018) 6, pp. 2812-2832
Persistent link: https://www.econbiz.de/10011879030
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Subjective expected utility with state-dependent but action/observation-independent preferences
Drèze, Jacques H. - In: Risks : open access journal 6 (2018) 2, pp. 1-9
Under state-dependent preferences, probabilities and units of scale of state-dependent utilities are not separately identified. In standard models, only their products matter to decisions. Separate identification has been studied under implicit actions by Drèze or under explicit actions and...
Persistent link: https://www.econbiz.de/10011811749