Probabilistic sophistication and variational preferences

DOI10.1016/j.jet.2011.06.010zbMath1255.91081OpenAlexW3121305847MaRDI QIDQ643281

Tomasz Strzalecki

Publication date: 28 October 2011

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

Full work available at URL: http://nrs.harvard.edu/urn-3:HUL.InstRepos:11352635

zbMATH Keywords

expected utilityambiguity aversionvariational preferencesprobabilistic sophistication

Mathematics Subject Classification ID

Individual preferences (91B08)

Related Items (7)

Preferences with changing ambiguity aversion ⋮ Risk aversion for variational and multiple-prior preferences ⋮ Probabilistic sophistication, second order stochastic dominance and uncertainty aversion ⋮ Comonotone Pareto optimal allocations for law invariant robust utilities on \(L^1\) ⋮ Robust optimal risk sharing and risk premia in expanding pools ⋮ Bayes and Hurwicz without Bernoulli ⋮ Efficient allocations under law-invariance: a unifying approach

Cites Work

• Unnamed Item
• Probabilistic sophistication, second order stochastic dominance and uncertainty aversion
• Maxmin expected utility with non-unique prior
• Cumulative dominance and probabilistic sophistication
• Risk, Ambiguity, and the Savage Axioms
• Event Exchangeability: Probabilistic Sophistication Without Continuity or Monotonicity
• A More Robust Definition of Subjective Probability
• The Dual Theory of Choice under Risk
• Subjective Probability Without Monotonicity: or How Machina's Mom May Also be Probabilistically Sophisticated
• Ambiguity Aversion, Robustness, and the Variational Representation of Preferences
• On Qualitative Probability $/sigma$-Algebras
• Probabilistic Sophistication and Multiple Priors
• Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine

This page was built for publication: Probabilistic sophistication and variational preferences