Purely subjective maxmin expected utility

DOI10.1016/j.jet.2014.03.006zbMath1297.91066OpenAlexW2098560594MaRDI QIDQ403749

Shiri Alon, David Schmeidler

Publication date: 29 August 2014

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2014.03.006

zbMATH Keywords

tradeoff consistencyuncertainty aversionmaxmin expected utilitybiseparable preferencepurely subjective probability

Mathematics Subject Classification ID

Utility theory (91B16)

Related Items (17)

Introduction to the special issue in honor of Peter Wakker ⋮ A comment on the axiomatics of the maxmin expected utility model ⋮ On stochastic independence under ambiguity ⋮ Purely subjective variational preferences ⋮ Regret theory: a new foundation ⋮ Cobb-Douglas preferences under uncertainty ⋮ A powerful tool for analyzing concave/convex utility and weighting functions ⋮ A representation theorem for frequently irrational agents ⋮ Ellsberg meets Keynes at an urn ⋮ Source and rank-dependent utility ⋮ Maxmin expected utility in Savage's framework ⋮ Purely subjective extended Bayesian models with Knightian unambiguity ⋮ Ambiguity and the Bayesian Paradigm ⋮ Worst-case expected utility ⋮ Belief hedges: Measuring ambiguity for all events and all models ⋮ A general theory of subjective mixtures ⋮ Monetary equilibria and Knightian uncertainty

Cites Work

• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Expected utility with purely subjective non-additive probabilities
• Continuous subjective expected utility with non-additive probabilities
• Maxmin expected utility with non-unique prior
• On the use of capacities in modeling uncertainty aversion and risk aversion
• Maxmin expected utility over Savage acts with a set of priors
• Theory of capacities
• Risk, Ambiguity, and the Savage Axioms
• Objective and Subjective Rationality in a Multiple Prior Model
• Subjective Probability and Expected Utility without Additivity
• Ambiguity Aversion, Robustness, and the Variational Representation of Preferences
• A Subjective Spin on Roulette Wheels
• Risk, Ambiguity, and the Separation of Utility and Beliefs
• Preference Foundations for Nonexpected Utility: A Generalized and Simplified Technique
• A Definition of Subjective Probability

This page was built for publication: Purely subjective maxmin expected utility