Simple Characterization of the Hurwicz Criterium under Uncertainty

Autor:	Chateauneuf, Alain, Ventura, Caroline, Vergopoulos, Vassili
Přispěvatelé:	Centre d'économie de la Sorbonne (CES), Université Paris 1 Panthéon-Sorbonne (UP1)-Centre National de la Recherche Scientifique (CNRS), Paris School of Economics (PSE), École des Ponts ParisTech (ENPC)-École normale supérieure - Paris (ENS Paris), Université Paris sciences et lettres (PSL)-Université Paris sciences et lettres (PSL)-Université Paris 1 Panthéon-Sorbonne (UP1)-Centre National de la Recherche Scientifique (CNRS)-École des hautes études en sciences sociales (EHESS)-Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement (INRAE), IPAG Business School, ANR-17-EURE-0001,PGSE,Ecole d'Economie de Paris(2017)
Jazyk:	angličtina
Rok vydání:	2020
Předmět:	schmeidler's model Hurwicz criterium JEL: D - Microeconomics/D.D8 - Information Knowledge and Uncertainty/D.D8.D81 - Criteria for Decision-Making under Risk and Uncertainty [SHS.ECO]Humanities and Social Sciences/Economics and Finance Aversion and attraction with respect to uncertainty
Zdroj:	Revue Economique Revue Economique, Presses de Sciences Po, 2020, Special issue dedicated to David Schmeidler, 71 (2), pp.331-336. ⟨10.3917/reco.712.033⟩
ISSN:	0035-2764 1950-6694
DOI:	10.3917/reco.712.033⟩
Popis:	International audience; Schmeidler [1986], [1989] famously used his nonadditive probability model to describe a decision-maker’s uncertainty aversion and/or uncertainty loving. This short note illustrates how nonadditive probability can also be used to obtain a simple characterization of the Hurwicz criterium, where the decision-maker has a balanced attitude towards uncertainty, intermediate between full aversion and full loving.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=dedup_wf_001::776c73719ca9707887a99a00f2d37203 https://hal.archives-ouvertes.fr/hal-02974245 Zobrazit plný text záznamu