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Questions in Decision Theory

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  • Itzhak Gilboa

    ()
    (Eitan Berglas School of Economics, Tel-Aviv University, Tel Aviv 69978, Israel, and HEC, Paris 78351 Jouy-en-Josas, France)

Abstract

This review surveys a few major questions in the field of decision theory. It is argued that a re-examination of some of the fundamental concepts in decision theory may have important implications to theoretical and even empirical research in economics and related fields.

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File URL: http://www.annualreviews.org/doi/abs/10.1146/annurev.economics.102308.124332
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Bibliographic Info

Article provided by Annual Reviews in its journal Annual Review of Economics.

Volume (Year): 2 (2010)
Issue (Month): 1 (09)
Pages: 1-19

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Handle: RePEc:anr:reveco:v:2:y:2010:p:1-19

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Related research

Keywords: rationality; probability; utility; reasoning; group decision;

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References

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  1. Kahneman, Daniel & Tversky, Amos, 1979. "Prospect Theory: An Analysis of Decision under Risk," Econometrica, Econometric Society, vol. 47(2), pages 263-91, March.
  2. John C. Harsanyi, 1955. "Cardinal Welfare, Individualistic Ethics, and Interpersonal Comparisons of Utility," Journal of Political Economy, University of Chicago Press, vol. 63, pages 309.
  3. Machina,Mark & Schmeidler,David, 1991. "A more robust definition of subjective probability," Discussion Paper Serie A 365, University of Bonn, Germany.
  4. Itzhak Gilboa, 1991. "Rationality and Ascriptive Science," Discussion Papers 943, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  5. Itzhak Gilboa & David Schmeidler, 2002. "Inductive Inference: An Axiomatic Approach," NajEcon Working Paper Reviews 391749000000000544, www.najecon.org.
  6. Irving Lorge & Herbert Solomon, 1955. "Two models of group behavior in the solution of eureka-type problems," Psychometrika, Springer, vol. 20(2), pages 139-148, June.
  7. Antoine Billot & Itzhak Gilboa & Dov Samet & David Schmeidler, 2004. "Probabilities as Similarity-Weighted Frequencies," Levine's Bibliography 122247000000000696, UCLA Department of Economics.
  8. Thibault Gajdos & Takashi Hayashi & Jean-Marc Tallon & Jean-Christophe Vergnaud, 2008. "Attitude toward imprecise information," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00451982, HAL.
  9. Fabio Maccheroni & Massimo Marinacci & Aldo Rustichini, 2004. "Ambiguity Aversion, Robustness, and the Variational Representation of Preferences," Carlo Alberto Notebooks 12, Collegio Carlo Alberto, revised 2006.
  10. Sujoy Mukerji & Peter Klibanoff, 2002. "A Smooth Model of Decision,Making Under Ambiguity," Economics Series Working Papers 113, University of Oxford, Department of Economics.
  11. Mongin, P., . "Consistent Bayesian aggregation," CORE Discussion Papers RP -1176, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  12. Kenneth J. Arrow, 1950. "A Difficulty in the Concept of Social Welfare," Journal of Political Economy, University of Chicago Press, vol. 58, pages 328.
  13. Gabrielle Gayer & Itzhak Gilboa & Offer Lieberman, 2004. "Rule-Based and Case-Based Reasoning in Housing Prices," Cowles Foundation Discussion Papers 1493, Cowles Foundation for Research in Economics, Yale University.
  14. List, Christian & Pettit, Philip, 2002. "Aggregating Sets of Judgments: An Impossibility Result," Economics and Philosophy, Cambridge University Press, vol. 18(01), pages 89-110, April.
  15. Itzhak Gilboa & Fabio Maccheroni & Massimo Marinacci & David Schmeidler, 2010. "Objective and Subjective Rationality in a Multiple Prior Model," Econometrica, Econometric Society, vol. 78(2), pages 755-770, 03.
  16. Tversky, Amos & Kahneman, Daniel, 1992. " Advances in Prospect Theory: Cumulative Representation of Uncertainty," Journal of Risk and Uncertainty, Springer, vol. 5(4), pages 297-323, October.
  17. Hylland, Aanund & Zeckhauser, Richard J, 1979. "The Impossibility of Bayesian Group Decision Making with Separate Aggregation of Beliefs and Values," Econometrica, Econometric Society, vol. 47(6), pages 1321-36, November.
  18. Gilboa, I. & Samet, D. & Schmeidler, D., 2001. "Utilitarian Aggregation of Beliefs and Tastes," Papers 2001-17, Tel Aviv.
  19. Itzhak Gilboa & Offer Lieberman & David Schmeidler, 2004. "Empirical Similarity," Levine's Bibliography 122247000000000684, UCLA Department of Economics.
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