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 :
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