Information processing under imprecise risk with an insurance demand illustration

DOI10.1016/J.IJAR.2007.06.013MaRDI QIDQ2379323zbMATH OpenOpenAlexFDO

Authors Jean-Yves Jaffray, Meglena Jeleva

Publication date 19 March 2010

Published in International Journal of Approximate Reasoning (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.ijar.2007.06.013

zbMATH Keywords

Hurwicz criterioninformationMcClennen's resolute choice modelsubjective expected utility (SEU)two-period insurance problem

Mathematics Subject Classification ID

Reasoning under uncertainty in the context of artificial intelligence (68T37) Decision theory (91B06) Economics of information (91B44)

Recommendations

• Information processing in dynamic decision models. An insurance demand example
• Decision making with imprecise probabilistic information
• Deciding under Ignorance: In Search of Meaningful Extensions of the Hurwicz Criterion to Decision Trees
• Decision-making with incomplete information
• Expected utility versus the changes in knowledge ahead

Cites work

• Dilation for sets of probabilities
• Dutch books: Avoiding strategic and dynamic complications, and a comonotonic extension
• Dynamic decision making without expected utility: an operational approach
• Dynamic programming for deterministic discrete-time systems with uncertain gain
• scientific article; zbMATH DE number 773972 (Why is no real title available?)
• Recursive multiple-priors.

Cited in

(5)

• Concepts for decision making under severe uncertainty with partial ordinal and partial cardinal preferences
• Throwing good money after bad
• General limited information diffusion method of small-sample information analysis in insurance
• Choice with imprecise information: An experimental approach
• Information processing in dynamic decision models. An insurance demand example

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