Purely subjective maxmin expected utility

DOI10.1016/J.JET.2014.03.006zbMATH Open1297.91066OpenAlexW2098560594MaRDI QIDQ403749FDOQ403749

Authors: 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

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zbMATH Keywords

maxmin expected utilityuncertainty aversionbiseparable preferencepurely subjective probabilitytradeoff consistency

Mathematics Subject Classification ID

Utility theory (91B16)

Cites Work

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Cited In (24)

• On stochastic independence under ambiguity
• Belief hedges: Measuring ambiguity for all events and all models
• A comment on the axiomatics of the maxmin expected utility model
• Maxmin expected utility with non-unique prior
• Introduction to the special issue in honor of Peter Wakker
• Alpha-maxmin as an aggregation of two selves
• Source and rank-dependent utility
• Ambiguity and the Bayesian paradigm
• On the axiomatic definition of generalized maximin principle
• Moral hazard, the Savage framework, and state-dependent utility
• A powerful tool for analyzing concave/convex utility and weighting functions
• Purely subjective extended Bayesian models with Knightian unambiguity
• Ellsberg meets Keynes at an urn
• Maxmin expected utility through statewise combinations
• Regret theory: a new foundation
• A representation theorem for frequently irrational agents
• A general theory of subjective mixtures
• Purely subjective variational preferences
• A combination of expected utility and maxmin decision criteria
• Cobb-Douglas preferences under uncertainty
• Worst-case expected utility
• Min-max decision rules for choice under complete uncertainty: axiomatic characterizations for preferences over utility intervals
• Maxmin expected utility in Savage's framework
• Monetary equilibria and Knightian uncertainty

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