Event-separability in the Ellsberg urn

DOI10.1007/S00199-011-0652-4MaRDI QIDQ641821zbMATH OpenOpenAlexFDO

Authors Mark J. Machina

Publication date 25 October 2011

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00199-011-0652-4

zbMATH Keywords

ambiguityambiguity aversionEllsberg paradoxEllsberg urnevent-separability

Mathematics Subject Classification ID

Decision theory (91B06)

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Cites work

• `Expected utility / subjective probability' analysis without the sure-thing principle or probabilistic sophistication
• A Definition of Subjective Probability
• A More Robust Definition of Subjective Probability
• A Smooth Model of Decision Making under Ambiguity
• A theory of subjective compound lotteries
• Ambiguity and Second-Order Belief
• Ellsberg Revisited: An Experimental Study
• scientific article; zbMATH DE number 3735506 (Why is no real title available?)
• scientific article; zbMATH DE number 3087284 (Why is no real title available?)
• Increasing risk with state-dependent preferences
• Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine
• Probability, Utility, and the Independence Axiom
• Risk, ambiguity and the Savage axioms
• Small worlds: Modeling attitudes toward sources of uncertainty
• Subjective Probability and Expected Utility without Additivity
• The Ellsberg Paradox and Risk Aversion: An Anticipated Utility Approach
• The Foundations of Decision Under Uncertainty: An Elementary Exposition
• Uncertainty aversion with second-order utilities and probabilities

Cited in

(14)

• Almost-objective uncertainty
• Belief hedges: Measuring ambiguity for all events and all models
• Decision making in phantom spaces
• Uncertain urn problems and Ellsberg experiment
• Purely subjective variational preferences
• A full characterization of Nash implementation with strategy space reduction
• Cobb-Douglas preferences under uncertainty
• The statistical properties of the threshold model and the feedback leadership condition
• Source and rank-dependent utility
• Expected utility theory, Jeffrey's decision theory, and the paradoxes
• Attitudes toward uncertainty and randomization: an experimental study
• Dynamic consistency for non-expected utility preferences
• Risk, ambiguity, and state-preference theory
• On stochastic independence under ambiguity

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