Artikel
Nested identification of subjective probabilities
The theory of games against nature relies on complete preferences among all conceivable acts (case 1). Aumann and Drèze (Am Econ J Microecon 1(1):116,(2009) consider situations where preferences are defined only for a given set of acts (case 2).We extend these results to situations where (i) only the set of optimal elements from a given set of acts is known (case 3); (ii) only a single optimal act is known (case 4). To these four cases correspond four nested sets of admissible subjective probabilities. Cases 3 and 4 define the extent to which probabilities must be specified to solve a decision problem.
- Language
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Englisch
- Bibliographic citation
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Journal: SERIEs - Journal of the Spanish Economic Association ; ISSN: 1869-4195 ; Volume: 3 ; Year: 2012 ; Issue: 1/2 ; Pages: 259-271 ; Heidelberg: Springer
- Classification
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Wirtschaft
Criteria for Decision-Making under Risk and Uncertainty
Noncooperative Games
- Subject
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games
decisions
probability
elicitation
Entscheidungstheorie
Präferenztheorie
- Event
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Geistige Schöpfung
- (who)
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Dreze, Jacques H.
- Event
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Veröffentlichung
- (who)
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Springer
- (where)
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Heidelberg
- (when)
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2012
- DOI
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doi:10.1007/s13209-011-0049-4
- Handle
- Last update
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10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Dreze, Jacques H.
- Springer
Time of origin
- 2012
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