A theory of stochastic choice under uncertainty

被引：12
|
作者：
Karni, Edi [1 ,2 ]
Safra, Zvi [2 ,3 ]
机构：
[1] Johns Hopkins Univ, Dept Econ, Baltimore, MD 21218 USA
[2] Univ Warwick, Warwick Business Sch, Coventry CV4 7AL, W Midlands, England
[3] Tel Aviv Univ, IL-69978 Tel Aviv, Israel
来源：
JOURNAL OF MATHEMATICAL ECONOMICS | 2016年 / 63卷
关键词：
Random choice; Decision making under uncertainty; Incomplete preferences; Preferences over menus; Subjective state space; EXPECTED UTILITY; PREFERENCES; FLEXIBILITY;
D O I：
10.1016/j.jmateco.2016.02.001
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In this paper we propose a characterization of stochastic choice under risk and under uncertainty. We presume that decision makers' actual choices are governed by randomly selected states of mind, and study the representation of decision makers' perceptions of the stochastic process underlying the selection of their state of mind. The connections of this work to the literatures on random choice, choice behavior when preference are incomplete; choice of menus; and grades of indecisiveness are also discussed. (C) 2016 Elsevier B.V. All rights reserved.
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页码：164 / 173
页数：10
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