ANTICIPATED UTILITY AND RATIONAL EXPECTATIONS AS APPROXIMATIONS OF BAYESIAN DECISION MAKING
نویسندگان
چکیده
منابع مشابه
Bayesian Networks and Boundedly Rational Expectations∗
I present a framework for analyzing decision making under imperfect understanding of correlation structures and causal relations. A decision maker (DM) faces an objective long-run probability distribution p over several variables (including the action taken by previous DMs). He is characterized by a subjective causal model, represented by a directed acyclic graph over the set of variable labels...
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ژورنال
عنوان ژورنال: International Economic Review
سال: 2008
ISSN: 0020-6598,1468-2354
DOI: 10.1111/j.1468-2354.2008.00477.x