scholarly journals Risk, Ambiguity, and the Separation of Utility and Beliefs

Author(s):  
Paolo Ghirardato ◽  
Massimo Marinacci
Keyword(s):  

2014 ◽  
Vol 12 (1) ◽  
pp. 41-57
Author(s):  
Paolo Di Caro
Keyword(s):  




2007 ◽  
Author(s):  
Kathleen L. Mosier ◽  
Michael Bartholomew ◽  
Eva Meng ◽  
Luiz Xavier




Author(s):  
Daniel Ellsberg
Keyword(s):  


2011 ◽  
Vol 48 (2-3) ◽  
pp. 437-467 ◽  
Author(s):  
Robert Nau


2009 ◽  
Vol 99 (1) ◽  
pp. 385-392 ◽  
Author(s):  
Mark J Machina

Choice problems in the spirit of Ellsberg (1961) suggest that rank-dependent (“Choquet expected utility”) preferences over subjective gambles might be subject to the same difficulties that Ellsberg's earlier examples posed for subjective expected utility. These difficulties stem from event-separability properties that rank-dependent preferences partially retain from expected utility, and suggest that nonseparable models of preferences might be better at capturing features of behavior that lead to these paradoxes. (JEL D81)



1963 ◽  
Vol 77 (2) ◽  
pp. 336 ◽  
Author(s):  
Daniel Ellsberg
Keyword(s):  


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