Mrs. Savage

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The Savage case. Week four: Mrs. Savage's expert witnesses.

Continuing her evidence last week to the Tower Hamlets District Health Authority inquiry into her competence, Mrs Wendy Savage was closely questioned by the obstetrician members of the panel about her management of the AU case, in which the baby died eight days after birth. Professor Howie asked Mrs Savage whether she felt she was justified in using oxytocin to stimulate labour in view of the r...

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TITLE : Savage

We define and discuss Savage games, which are ordinal games that are set in L. J. Savage’s framework of purely subjective uncertainty. Every Bayesian game is ordinally equivalent to a Savage game. However, Savage games are free of priors, probabilities and payoffs. Players’ information and subjective attitudes toward uncertainty are encoded in the state-dependent preferences over state continge...

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Savage Games

We define and discuss Savage games, which are ordinal games that are set in L. J. Savage’s framework of purely subjective uncertainty. Every Bayesian game is ordinally equivalent to a Savage game. However, Savage games are free of priors, probabilities and payoffs. Players’ information and subjective attitudes toward uncertainty are encoded in the state-dependent preferences over state continge...

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The Savage Cell

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Savage in the Market

We develop a behavioral axiomatic characterization of Subjective Expected Utility (SEU) under risk aversion. Given is an individual agent’s behavior in the market: assume a finite collection of asset purchases with corresponding prices. We show that such behavior satisfies a “revealed preference axiom” if and only if there exists a SEU model (a subjective probability over states and a concave u...

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ژورنال

عنوان ژورنال: Nature

سال: 1948

ISSN: 0028-0836,1476-4687

DOI: 10.1038/162766a0