What do uncertainty-averse decision-makers believe?
نویسندگان
چکیده
منابع مشابه
What do uncertainty-averse decision-makers believe?
This paper introduces the concept of firm belief, which is proposed as a new epistemic model for a wide class of preferences. In particular, firm beliefs are shown to have the following desirable properties: (i) they are derived from preferences according to a plausible rule of epistemic inference; (ii) they satisfy standard logical properties; and (iii) tractable representations of firm belief...
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ژورنال
عنوان ژورنال: Economic Theory
سال: 2002
ISSN: 0938-2259,1432-0479
DOI: 10.1007/s001990100187