In many decisions under uncertainty, there are technological constraints on the acts an agent can perform and on the events she can observe. To model this, we assume that the set S of possible states of the world and the set X of possible outcomes each have a topological structure. The only feasible acts are continuous functions from S to X, and the only observable events are regular open subsets of S. We axiomatically characterize Subjective Expected Utility (SEU) representations of conditional preferences over acts, involving a continuous utility function on X (unique up to positive affine transformations), and a unique Borel probability measure on S, along with an auxiliary apparatus called a "liminal structure", which describes the agen...
Subjective expected utility (Savage, 1954) is the most widely used model to represent preferences un...
textabstractFor the expected utility model with state dependent utilities, Karni, Schmeidler and Vin...
We introduce and characterize axiomatically a general model of static choice under uncertainty, whic...
In many decisions under uncertainty, there are technological constraints on the acts an agent can pe...
In many decisions under uncertainty, there are technological constraints on both the acts an agent c...
In many decisions under uncertainty, there are constraints on both the available information and the...
This paper develops an axiomatic theory of decision making under uncertainty that dispenses with the...
URL des Documents de travail : http://ces.univ-paris1.fr/cesdp/cesdp2014.htmlDocuments de travail du...
I show that the predictive content of the hypothesis of subjective expected utility maximization cri...
In this paper we extend Savage's theory of decision-making under uncertainty from a classical enviro...
Subjective expected utility (SEU) theory is ubiquitous in models of economic environ-ments involving...
We develop a behavioral axiomatic characterization of Subjective Expected Utility (SEU) under risk a...
We axiomatize a subjective version of the recursive expected utility model. This development extends...
We develop the simplest generalization of subjective expected utility that can accommodate both opti...
Ce Working Paper fait l'objet d'une publication in Journal of Mathematical Economics, Elsevier, 2018...
Subjective expected utility (Savage, 1954) is the most widely used model to represent preferences un...
textabstractFor the expected utility model with state dependent utilities, Karni, Schmeidler and Vin...
We introduce and characterize axiomatically a general model of static choice under uncertainty, whic...
In many decisions under uncertainty, there are technological constraints on the acts an agent can pe...
In many decisions under uncertainty, there are technological constraints on both the acts an agent c...
In many decisions under uncertainty, there are constraints on both the available information and the...
This paper develops an axiomatic theory of decision making under uncertainty that dispenses with the...
URL des Documents de travail : http://ces.univ-paris1.fr/cesdp/cesdp2014.htmlDocuments de travail du...
I show that the predictive content of the hypothesis of subjective expected utility maximization cri...
In this paper we extend Savage's theory of decision-making under uncertainty from a classical enviro...
Subjective expected utility (SEU) theory is ubiquitous in models of economic environ-ments involving...
We develop a behavioral axiomatic characterization of Subjective Expected Utility (SEU) under risk a...
We axiomatize a subjective version of the recursive expected utility model. This development extends...
We develop the simplest generalization of subjective expected utility that can accommodate both opti...
Ce Working Paper fait l'objet d'une publication in Journal of Mathematical Economics, Elsevier, 2018...
Subjective expected utility (Savage, 1954) is the most widely used model to represent preferences un...
textabstractFor the expected utility model with state dependent utilities, Karni, Schmeidler and Vin...
We introduce and characterize axiomatically a general model of static choice under uncertainty, whic...