- New
-
Topics
- All Categories
- Metaphysics and Epistemology
- Value Theory
- Science, Logic, and Mathematics
- Science, Logic, and Mathematics
- Logic and Philosophy of Logic
- Philosophy of Biology
- Philosophy of Cognitive Science
- Philosophy of Computing and Information
- Philosophy of Mathematics
- Philosophy of Physical Science
- Philosophy of Social Science
- Philosophy of Probability
- General Philosophy of Science
- Philosophy of Science, Misc
- History of Western Philosophy
- Philosophical Traditions
- Philosophy, Misc
- Other Academic Areas
- Journals
- Submit material
- More
Maxmin weighted expected utility: a simpler characterization
Theory and Decision 80 (4):581-610 (2016)
Abstract
Chateauneuf and Faro axiomatize a weighted version of maxmin expected utility over acts with nonnegative utilities, where weights are represented by a confidence function. We argue that their representation is only one of many possible, and we axiomatize a more natural form of maxmin weighted expected utility. We also provide stronger uniqueness results.Author's Profile
Other Versions
No versions found
My notes
Similar books and articles
A comment on the axiomatics of the Maxmin Expected Utility model.Shiri Alon - 2022 - Theory and Decision 92 (3-4):445-453.
Hard evidence and ambiguity aversion.Mehdi Ayouni & Frédéric Koessler - 2017 - Theory and Decision 82 (3):327-339.
A belief-based definition of ambiguity aversion.Xiangyu Qu - 2015 - Theory and Decision 79 (1):15-30.
Parametric multi-attribute utility functions for optimal profit under risk constraints.Babacar Seck, Laetitia Andrieu & Michel De Lara - 2012 - Theory and Decision 72 (2):257-271.
Measuring Belief and Risk Attitude.Sven Neth - 2019 - Electronic Proceedings in Theoretical Computer Science 297:354–364.
Rational risk‐aversion: Good things come to those who weight.Christopher Bottomley & Timothy Luke Williamson - 2024 - Philosophy and Phenomenological Research 108 (3):697-725.
Purely subjective extended Bayesian models with Knightian unambiguity.Xiangyu Qu - 2015 - Theory and Decision 79 (4):547-571.
Weighted sets of probabilities and minimax weighted expected regret: a new approach for representing uncertainty and making decisions.Joseph Y. Halpern & Samantha Leung - 2015 - Theory and Decision 79 (3):415-450.
Ambiguity aversion under maximum-likelihood updating.Daniel Heyen - 2018 - Theory and Decision 84 (3):373-386.
Analytics
Added to PP
2016-02-04
Downloads
121 (#384,595)
6 months
18 (#649,931)
2016-02-04
Downloads
121 (#384,595)
6 months
18 (#649,931)
Historical graph of downloads
Author's Profile
References found in this work
Maxmin expected utility with non-unique prior.Itzhak Gilboa & David Schmeidler - 1989 - Journal of Mathematical Economics 18 (2):141–53.
A definition of subjective probability.F. Anscombe & Robert Aumann - 1963 - Annals of Mathematical Statistics 34:199–204.
Risk, ambiguity, and the Savage axioms.Daniel Ellsberg - 1961 - Quarterly Journal of Economics:643–69.
Try MATCHA Writer if you're interested in citing directly from PhilPapers and certifying your authorship.
This site uses cookies and Google Analytics (see our terms & conditions for details regarding the privacy implications). Use of this site is subject to terms & conditions.
All rights reserved by The PhilPapers Foundation