Maxmin Expected Utility over Savage Acts with a Set of Priors

descriptionPublicationkeyboard_double_arrow_right Article , Research , Preprint 01 May 2000 English Publisher:Elsevier BVJournal:Journal of Economic Theory, volume 92, pages 35-65 (issn: 0022-0531,

Copyright policy )

Authors: Ramon Casadesus-Masanell; Peter Klibanoff; Emre Ozdenoren;

doi: 10.1006/jeth.1999.2630

handle: 10419/221574

Maxmin Expected Utility over Savage Acts with a Set of Priors

- Summary
- Subjects
- Metrics

Abstract

The authors provide an axiomatic foundation for maximin expected utility over a set of prior decision rules defined on a set of Savage acts. All introduced axioms are discussed. The results are an original extension of the well-known theory.

Related Organizations

Northwestern University
United States
NORTHWESTERN UNIVERSITY
United States

Keywords

uncertainty aversion, ddc:330, expected utility, Utility theory

Impact byBIP!

	selected citations These citations are derived from selected sources. This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	74
	popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.	Top 10%
	influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	Top 10%
	impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.	Top 10%