Bayesian decision theory with action-dependent probabilities and risk attitudes
نویسندگان
چکیده
This paper extends the work of Karni (Econ Theory 48:125–146, 2011) to allow for the possibility that decision makers’ effect-dependent risk attitudes are also affected by their actions. This extension is essential for modeling decision situations in which actions have a monetary dimension that creates interaction between actions and wealth.
منابع مشابه
A theory of Bayesian decision making with action-dependent subjective probabilities
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