A More Robust Definition of Subjective Probability
The goal of choice-theoretic derivations of subjective probability is to separate a decision maker's underlying beliefs (subjective probabilities of events) from their preferences (attitudes toward risk). Classical derivations have all relied upon some form of the Marschak-Samuelson "Indep...
| Veröffentlicht in: | Econometrica. - Wiley. - 60(1992), 4, Seite 745-780 |
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| Format: | Online-Aufsatz |
| Sprache: | English |
| Veröffentlicht: |
1992
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| Zugriff auf das übergeordnete Werk: | Econometrica |
| Schlagworte: | Subjective probability uncertainty subjective uncertainty non-expected utility theory expected utility theory Leonard J. Savage Economics Mathematics Philosophy |