منابع مشابه
The ignorant observer
Most prominent models of economic justice (and especially those proposed by Harsanyi and Rawls) are based on the assumption that impartiality is required for making moral decisions. However, although Harsanyi and Rawls agree on that, and furthermore agree on the fact that impartiality can be obtained under appropriate conditions of ignorance, they strongly disagree on the consequences of these ...
متن کاملThe Ignorant Monopolist Redux
Abstract. The classical problem of the monopolist faced with an unknown demand curve is considered in a simple stochastic setting. Sequential pricing strategies designed to maximize discounted profits are shown to converge sufficiently rapidly that they leave the monopolist ignorant about all but the most local features of demand. The failure of the monopolist to “learn” his demand curve would ...
متن کاملThe strategically ignorant principal
A principal-agent model is considered in which the principal decides how much private information to acquire before making an offer to the agent (e.g., an insurer decides whether to gather information about the risk status of a potential client through medical testing before offering the client a policy). I prove in a general environment that there is a nontrivial set of parameters for which it...
متن کاملIgnoring Ignorance Is Ignorant
When prior probabilities are given as data, there is generally little objection to the use of the Bayes formula or Bayesian networks. On the other hand, when prior probabilities are lacking, Bayesians have the tendency to ignore their ignorance and to make the priors up out of thin air. This leads to decisions in situations where gathering more information would be more appropriate. This paper ...
متن کاملIgnorant In uence Diagrams
Innuence Diagrams (ids) are a graphic formalism able to provide a compact representation of decision problems. ids are based on the axioms of probability and decision theory, and they deene a normative framework to model decision making. Unfortunately, ids require a large amount of information that is not always available to the decision maker. This paper introduces a new class of ids, called I...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Social Choice and Welfare
سال: 2007
ISSN: 0176-1714,1432-217X
DOI: 10.1007/s00355-007-0274-8