Hurwicz expected utility and subjective sources

DOI10.1016/J.JET.2015.05.007MaRDI QIDQ900437zbMATHOpenAlexFDO

Authors Faruk Gul, Wolfgang Pesendorfer

Publication date 22 December 2015

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

Full work available at URL https://doi.org/10.1016/j.jet.2015.05.007

zbMATH Keywords

ambiguityAllais paradoxsource preference

Mathematics Subject Classification ID

Utility theory (91B16)

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Cites work

• scientific article; zbMATH DE number 765034 (Why is no real title available?)
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• Just who are you calling risk averse?
• Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine
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• Prospect Theory: An Analysis of Decision under Risk
• Risk Attitudes and Decision Weights
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• Subjective ambiguity, expected utility and Choquet expected utility
• The Probability Weighting Function
• Theory of capacities
• Uncertainty aversion with second-order utilities and probabilities
• Violations of the betweenness axiom and nonlinearity in probability

Cited in

(19)

• Optimal allocations with α‐MaxMin utilities, Choquet expected utilities, and prospect theory
• Concave/convex weighting and utility functions for risk: a new light on classical theorems
• Objective and subjective rationality and decisions with the best and worst case in mind
• Inequality measurement with coarse data
• Calibrated uncertainty
• Delegation and ambiguity in correlated equilibrium
• Source dependence in effort provision
• Belief hedges: Measuring ambiguity for all events and all models
• On risk aversion under fuzzy random data
• Preparing for the worst but hoping for the best: robust (Bayesian) persuasion
• Testing Hurwicz expected utility
• Beyond uncertainty aversion
• Objective rationality foundations for (dynamic) \(\alpha\)-MEU
• Savage for dummies and experts
• A powerful tool for analyzing concave/convex utility and weighting functions
• Foundations of ambiguity models under symmetry: \(\alpha\)-MEU and smooth ambiguity
• Source and rank-dependent utility
• On Hurwicz-Nash equilibria of non-Bayesian games under incomplete information
• Strength of preference over complementary pairs axiomatizes alpha-MEU preferences

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