Zoekopdracht:
faculteit: "FEB" en publicatiejaar: "1994"
| Auteurs | P.P. Wakker, R.K. Sarin | | Titel | A general result in quantifying beliefs |
| Tijdschrift | Econometrica |
| Jaargang | 62 |
| Jaar | 1994 |
| Nummer | 62 |
| Pagina's | 683-685 |
| ISSN | 00129682 |
| Faculteit | Faculteit Economie en Bedrijfskunde |
| Instituut/afd. | FEB: Research Institute in Economics and Econometrics Amsterdam (RESAM) |
| Trefwoorden | Decision-making; Beliefs; Mathematical methods |
| Samenvatting | This paper presents conditions under which a person's beliefs about the occurrence of uncertain events are quantified by a capacity measure, i.e., a nonadditive probability. Additivity of probability is violated in a large number of applications where probabilities are vague or ambiguous due to lack of information.
The key feature of the theory presented in this paper is a separation of the derivation of capacities for events from a specific choice model. This is akin to eliciting a probability distribution for a random variable without committing to a specific decision model. Conditions are given under which Choquet expected utility, the Machina-Schmeidler probabilistically sophisticated model, and subjective expected utility can be derived as special cases of our general model. |
| Soort document | Artikel |
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