Risk, Ambiguity and Decision (Studies in Philosophy) by Daniel Ellsberg

By Daniel Ellsberg

Ellsberg elaborates on "Risk, Ambiguity, and the Savage Axioms" and mounts a strong problem to the dominant thought of rational choice during this ebook.

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Failures of the Reduction Principle in An Ellsberg-Type Problem, Theory and Decision 32,77-100. , A. Brandenberger and E. Dekel(1991). "Lexicographic Probabilities and Choice Under Uncertainty," Econometrica 59,61-79. Brady, M. (1997). "Decision Making under Uncertainty in the ," History of Economics Review 26,136-42. Brady M. and H. Lee (1989). "Is There an Ellsberg-Fellner Paradox - A Note On Its Resolution," Psychological Reports 64,1087-1090. Brewer, K. (1963). "Decisions Under Uncertainty: Comment," Quarterly Journal of Economics 77,159-161.

Reprinted in I. Levi, The Covenant ofReason, Cambridge: Cambridge University Press,1997, ch. 10. Levi, I. (1990) "Pareto Unanimity and Consensus," Journal of Philosophy, 87, 481-92. Levi, I. " Philosophy of Science, 66. Introduction xxxvii Luce, R. , and Raiffa, H. (1957) Games and Decisions, New York: Wiley. Nozick, R. (1963) "The Normative Theory of Rational" Choice, Doctoral dissertation, Princeton University. MacCrirnmon, K. , and Larsson, S. (1979) "Utility Theory: Axioms versus Paradoxes," in Allais and Hagen, Expected Utility Hypotheses and the Allais Paradox, Dordrecht: Reidel.

Modeling Ambiguity in Decisions Under Uncertainty," Journal of Consumer Research 15,265-272. Karni, E. (1996). "Probabilities and Beliefs," Journal of Risk and Uncertainty 13, 249-262. Karni, E. (1999). "Elicitation of Subjective Probabilities when Preferences are StateDependent," International Economic Review 40,479486. Karni, E. and P. Mongin (2000). "On The Determination of Subjective Probability by Choice," Management Science 46 233-248. Karni, E. and Z. Safra (1995). "The Impossibility of Experimental Elicitation of Subjective Probabilities," Theory and Decision 38,313-320.

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