Axioms for preferences revealing subjective uncertainty and uncertainty aversion

DOI10.1016/J.JMATECO.2003.07.004zbMATH Open1099.91036OpenAlexW2042930332MaRDI QIDQ1886754FDOQ1886754

Authors: Jens Tapking 

Publication date: 19 November 2004

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jmateco.2003.07.004

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zbMATH Keywords

Choquet expected utility theory

Mathematics Subject Classification ID

Individual preferences (91B08) Utility theory (91B16)

Cites Work

• Maxmin expected utility with non-unique prior
• Risk, ambiguity and the Savage axioms
• Subjective Probability and Expected Utility without Additivity
• Title not available (Why is that?)
• A Definition of Subjective Probability
• Expected utility with purely subjective non-additive probabilities
• Title not available (Why is that?)
• Some characterizations of lower probabilities and other monotone capacities through the use of Möbius inversion
• Theory of capacities
• A More Robust Definition of Subjective Probability
• Ambiguity made precise: A comparative foundation
• Updating ambiguous beliefs
• Bayesian updating and belief functions
• A Definition of Uncertainty Aversion
• Subjective Probabilities on Subjectively Unambiguous Events
• Decision making with imprecise probabilistic information

Cited In (9)

• On the uses of the monotonicity and independence axioms in models of ambiguity aversion
• Uncertainty in beliefs and preferences: Conditions for optimal alternatives
• Controlling the degree of caution in statistical inference with the Bayesian and frequentist approaches as opposite extremes
• Decision making with imprecise probabilistic information
• Scale-invariant uncertainty-averse preferences and source-dependent constant relative risk aversion
• Are beliefs a matter of taste? A case for objective imprecise information
• Attitude toward imprecise information
• Characterizing uncertainty aversion through preference for mixtures
• Uncertainty aversion in nonprobabilistic decision models

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