Arbeitspapier
Awareness-dependent subjective expected utility
We develop awareness-dependent subjective expected utility by taking unawareness structures introduced in Heifetz, Meier, and Schipper (2006, 2008, 2011a) as primitives in the Anscombe-Aumann approach to subjective expected utility. We observe that a decision maker is unaware of an event if and only if her choices reveal that the event is null and the negation of the event is null. Moreover, we characterize impersonal expected utility that is behaviorally indistinguishable from awareness-dependent subject expected utility and assigns probability zero to some subsets of states that are not necessarily events. We discuss in what sense probability zero can model unawareness.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 10-22
- Klassifikation
-
Wirtschaft
Game Theory and Bargaining Theory: General
Noncooperative Games
Information, Knowledge, and Uncertainty: General
Criteria for Decision-Making under Risk and Uncertainty
- Thema
-
unawareness
awareness
unforeseen contingencies
null
probability
zero
subjective expected utility
Anscombe-Aumann
small worlds
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Schipper, Burkhard C.
- Ereignis
-
Veröffentlichung
- (wer)
-
University of California, Department of Economics
- (wo)
-
Davis, CA
- (wann)
-
2011
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Schipper, Burkhard C.
- University of California, Department of Economics
Entstanden
- 2011
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