Savage Nature and Ecologic Exchange

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Savage Nature and Ecologic Exchange

“T are neither carnivores nor reptiles in Tahiti,” wrote Paul Gauguin in his journal Noa Noa. “The only ‘wild game’ on the island are the pigs which have escaped into the forest, where they have multiplied and become entirely wild.” The artist’s first impression after the long voyage, “sixty-three days of feverish expectancy,” was “nothing very extraordinary; nothing, for instance, that could b...

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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: Emerging Infectious Diseases

سال: 2013

ISSN: 1080-6040,1080-6059

DOI: 10.3201/eid1912.ac1912