Abraham Wald's complete class theorem and Knightian uncertainty

DOI10.1016/J.GEB.2017.06.012zbMATH Open1393.91040OpenAlexW3122617812MaRDI QIDQ2013376FDOQ2013376

Christoph Kuzmics

Publication date: 17 August 2017

Published in: Games and Economic Behavior (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.geb.2017.06.012

zbMATH Keywords

experimental designdecision theoryambiguityKnightian uncertainty

Mathematics Subject Classification ID

Decision theory (91B06) Utility theory (91B16)

Cites Work

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• Ambiguity and Second-Order Belief
• Randomization and dynamic consistency
• "Preference Reversal" and the Observability of Preferences by Experimental Methods
• Stochastically independent randomization and uncertain aversion
• Randomization devices and the elicitation of ambiguity-averse preferences
• Statistical decision functions which minimize the maximum risk
• Analysis of information feedback and selfconfirming equilibrium
• Some Thoughts on the Minimax Principle
• Ambiguity and robust statistics
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• An Essentially Complete Class of Admissible Decision Functions

Cited In (9)

• Models of decision-making in a game with nature under conditions of probabilistic uncertainty
• Hedging, ambiguity, and the reversal of order axiom
• Randomization and dynamic consistency
• Dynamic semi-consistency
• Analysis of information feedback and selfconfirming equilibrium
• Ambiguity, randomization and the timing of resolution of uncertainty
• Methods for determining optimal mixed strategies in matrix games with correlated random payoffs
• Ambiguity and informativeness of (non-)trading
• Mixed strategies and preference for randomization in games with ambiguity averse agents

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