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This paper explores the relationship between dynamic consistency and the existing notions of unambiguous events for Choquet expected utility preferences. A decision maker is faced with an information structure represented by a filtration. We show that the decision maker's preferences respect...
Persistent link: https://www.econbiz.de/10011422193
-based discrimination. The discrimination we find is rather due to conservatism in updating beliefs. This conservatism is more pronounced in …
Persistent link: https://www.econbiz.de/10010282253
This paper explores the relationship between dynamic consistency and the existing notions of unambiguous events for Choquet expected utility preferences. A decision maker is faced with an information structure represented by a filtration. We show that the decision maker's preferences respect...
Persistent link: https://www.econbiz.de/10003879722
We study a model of non-Bayesian updating for ambiguity averse agents, based on the Hypothesis Testing model of … coincides with Bayesian updating when defined, but it also prescribes behavior when it is not defined. …
Persistent link: https://www.econbiz.de/10010942351
This paper explores the relationship between dynamic consistency and existing notions of unambiguous events for Choquet expected utility preferences. A decision maker is faced with an information structure represented by a filtration. We show that the decision maker’s preferences respect...
Persistent link: https://www.econbiz.de/10009350341
-based discrimination. The discrimination we find is rather due to conservatism in updating beliefs. This conservatism is more pronounced in …
Persistent link: https://www.econbiz.de/10009395436
In this laboratory experiment, we show that people incorporate irrelevant group information when evaluating others. Individuals from groups that perform badly on average receive low evaluations, even when it is known that the individuals themselves perform well. This group-bias occurs both in a...
Persistent link: https://www.econbiz.de/10010664372
This note completes the main result of [Zimper A., (2010) Re-examining the law of iterated expectations for Choquet decision makers. Theory and decision, DOI 10.1007/s11238-010-9221-8], by showing that additional conditions are needed in order the law of iterated expectations to hold true for...
Persistent link: https://www.econbiz.de/10010571579
This paper explores the relationship between dynamic consistency and the existing notions of unambiguous events for Choquet expected utility preferences. A decision maker is faced with an information structure represented by a filtration. We show that the decision maker's preferences respect...
Persistent link: https://www.econbiz.de/10008577823
equivalent consistency under updating characterise a family of capacities, called Genralised Neo-Additive Capacities (GNAC). This …
Persistent link: https://www.econbiz.de/10011071982