Information processing under imprecise risk with an insurance demand illustration
نویسندگان
چکیده
منابع مشابه
Information processing under imprecise risk with an insurance demand illustration
This paper deals with the impact of information on the decisions of an agent whose beliefs are imprecise and whose preferences are not in accordance with the Subjective Expected Utility (SEU) model. We assume that his one-shot preferences are representable by a Hurwicz criterion with pessimism–optimism index a. We moreover assume that in a sequential decision making situation the decision maker...
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An agent has Hurwicz criterion with pessimismoptimism index α under imprecise risk and adopts the root dictatorship version of McClennen’s Resolute Choice in sequential decision situations, i.e. evaluates strategies at the root of the decision tree by the Hurwicz criterion and enforces the best strategy, thus behaving in a dynamically consistent manner. We address two questions raised by this t...
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ژورنال
عنوان ژورنال: International Journal of Approximate Reasoning
سال: 2008
ISSN: 0888-613X
DOI: 10.1016/j.ijar.2007.06.013