• Title of article

    Maxmin expected utility through statewise combinations

  • Author/Authors

    Ramon Casadesus-Masanell، نويسنده , , Peter Klibanoff، نويسنده , , Emre Ozdenoren، نويسنده ,

  • Issue Information
    روزنامه با شماره پیاپی سال 2000
  • Pages
    6
  • From page
    49
  • To page
    54
  • Abstract
    We provide an axiomatic foundation for a maxmin expected utility over a set of priors (MMEU) decision rule in an environment where the elements of choice are Savage acts. The key axioms are stated using statewise combinations as in Gul [Gul, F., 1992. Savage’s theorem with a finite number of states. Journal of Economic Theory 57, 99–100].
  • Keywords
    Ambiguity , Ellsberg paradox , uncertainty , utility , Multiple priors
  • Journal title
    Economics Letters
  • Serial Year
    2000
  • Journal title
    Economics Letters
  • Record number

    434726

    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=10&DC=434726