William Savage

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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

sexual behavior to racial values, free will, and the teachings of Freud. The first of these two interrelated halves is much easier to comment upon. The retelling of the debates between the various genetic schools of thought during the first 50 years of this century and resulting slow clarification of ideas is particularly well done. Many times in the course of the book Darlington demonstrates t...

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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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Generalized Qualitative Probability: Savage revisited

Preferences among acts are analyzed in the style of L. Savage, but as partially ordered. The rationality postulates considered are weaker than Savage’s on three counts. The Sure Thing Principle is derived in this setting. The postulates are shown to lead to a characterization of generalized qualitative probability that includes and blends both traditional qualitative probability and the ranked ...

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ژورنال

عنوان ژورنال: Physics Today

سال: 1989

ISSN: 0031-9228,1945-0699

DOI: 10.1063/1.2810991