Recursive ambiguity and Machina's examples

DOI10.1111/IERE.12094MaRDI QIDQ5245733zbMATH OpenOpenAlexFDO

Authors David Dillenberger, Uzi Segal

Publication date 15 April 2015

Published in International Economic Review (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1111/iere.12094

zbMATH Keywords

Choquet expected utilityrecursive ambiguityrecursive nonexpected utility model

Mathematics Subject Classification ID

Decision theory (91B06) Utility theory (91B16)

Recommendations

• Recursive non-expected utility: connecting ambiguity attitudes to risk preferences and the level of ambiguity
• Information and ambiguity: toward a foundation of nonexpected utility
• A lot of ambiguity
• Recursive multiple-priors.
• Recursive smooth ambiguity preferences

Cites work

• A Smooth Model of Decision Making under Ambiguity
• A Theory of Disappointment Aversion
• Ambiguity Aversion, Robustness, and the Variational Representation of Preferences
• Differentiating ambiguity and ambiguity attitude
• Ellsberg Revisited: An Experimental Study
• Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine
• Maxmin expected utility with non-unique prior
• Preferences for one-shot resolution of uncertainty and Allais-type behavior
• Probability, Utility, and the Independence Axiom
• Risk, ambiguity and the Savage axioms
• Subjective Probability and Expected Utility without Additivity
• The Ellsberg Paradox and Risk Aversion: An Anticipated Utility Approach
• Two-Stage Lotteries without the Reduction Axiom
• Vector Expected Utility and Attitudes Toward Variation

Cited in

(6)

• Recursive non-expected utility: connecting ambiguity attitudes to risk preferences and the level of ambiguity
• Two examples of ambiguity aversion
• On the Ellsberg and Machina paradoxes
• Risk attitudes in axiomatic decision theory: a conceptual perspective
• Betting on Machina's reflection example: An experiment on ambiguity
• Subjective independence and concave expected utility

This page was built for publication: Recursive ambiguity and Machina's examples

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q5245733)