Essays on Uncertainty with Applications to Economics
In the first essay, which is coauthored with Ramon Casadesus-Masanell and Peter Klibanoff, we provide an axiomatic foundation for a maxmin expected utility over a set of priors (MMEU) decision rule in an environment where the elements of choice are Savage acts. This characterization complements the original axiomiatization of MMEU developed in a lottery-acts framework by Gilboa and Schmeidler (1989). The novel axioms are formulated using standard sequence techniques, which allow cardinal properties of utility to be expressed directly through preferences.In the first essay, which is coauthored with Ramon Casadesus-Masanell and Peter Klibanoff, we provide an axiomatic foundation for a maxmin expected utility over a set of priors (MMEU) decision rule in an environment where the elements of ...
| Title | : | Essays on Uncertainty with Applications to Economics |
| Author | : | Emre Ozdenoren |
| Publisher | : | - 2000 |
You must register with us as either a Registered User before you can Download this Book. You'll be greeted by a simple sign-up page.
Once you have finished the sign-up process, you will be redirected to your download Book page.
How it works:- 1. Register a free 1 month Trial Account.
- 2. Download as many books as you like (Personal use)
- 3. Cancel the membership at any time if not satisfied.
