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Edi Karni

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Edi Karni, 2009. "On the Conjunction Fallacy in Probability Judgment: New Experimental Evidence Regarding Linda," Economics Working Paper Archive 552, The Johns Hopkins University,Department of Economics.

    Mentioned in:

    1. What Conjunction Fallacy?
      by Robin Hanson in Overcoming Bias on 2009-06-25 15:00:58

Working papers

  1. Edi Karni & Quitze Valenzuela-Stookey & Marie-Louise Vierø, 2018. "Reverse Bayesianism: A Generalization," Working Paper 1400, Economics Department, Queen's University.

    Cited by:

    1. Marie-Louise Vierø, 2017. "An Intertemporal Model Of Growing Awareness," Working Paper 1388, Economics Department, Queen's University.
    2. Chakravarty, Surajeet & Kelsey, David & Teitelbaum, Joshua C., 2022. "Reverse Bayesianism and act independence," Journal of Economic Theory, Elsevier, vol. 203(C).
    3. Shabnam Mousavi & Shyam Sunder, 2019. "Physical Laws and Human Behavior: A Three-Tier Framework," Cowles Foundation Discussion Papers 2173, Cowles Foundation for Research in Economics, Yale University.
    4. Evan Piermont, 2019. "Unforeseen Evidence," Papers 1907.07019, arXiv.org, revised Jan 2021.

  2. Edi Karni & Marie-Louise Viero, 2014. "Awareness Of Unawareness: A Theory Of Decision Making In The Face Of Ignorance," Working Paper 1322, Economics Department, Queen's University.

    Cited by:

    1. Wenjun Ma & Burkhard C. Schipper, 2017. "Does exposure to unawareness affect risk preferences? A preliminary result," Theory and Decision, Springer, vol. 83(2), pages 245-257, August.
    2. Dominiak, Adam & Tserenjigmid, Gerelt, 2018. "Belief consistency and invariant risk preferences," Journal of Mathematical Economics, Elsevier, vol. 79(C), pages 157-162.
    3. Sarah Auster & Jeremy Kettering & Asen Kochov, 2021. "Sequential Trading with Coarse Contingencies," ECONtribute Discussion Papers Series 052, University of Bonn and University of Cologne, Germany.
    4. Pierpaolo Battigalli & Simone Cerreia-Vioglio & Fabio Maccheroni & Massimo Marinacci, 2017. "Mixed extensions of decision problems under uncertainty," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 63(4), pages 827-866, April.
    5. Marie-Louise Vierø, 2017. "An Intertemporal Model Of Growing Awareness," Working Paper 1388, Economics Department, Queen's University.
    6. Chakravarty, Surajeet & Kelsey, David & Teitelbaum, Joshua C., 2022. "Reverse Bayesianism and act independence," Journal of Economic Theory, Elsevier, vol. 203(C).
    7. Sarah Auster & Nicola Pavoni, 2021. "Optimal Delegation and Information Transmission under Limited Awareness," ECONtribute Discussion Papers Series 059, University of Bonn and University of Cologne, Germany.
    8. Chollete, Lorán & Jaffee, Dwight & Mamun, Khawaja A., 2022. "Policy suggestions from a simple framework with extreme outcomes," International Review of Economics & Finance, Elsevier, vol. 82(C), pages 374-398.
    9. Burkhard C. Schipper, 2024. "Predicting the Unpredictable under Subjective Expected Utility," Working Papers 362, University of California, Davis, Department of Economics.
    10. Ani Guerdjikova & John Quiggin, 2018. "Intertemporal Portfolio Choice with Incorrect Beliefs and Aversion to Surprise," Post-Print hal-02086151, HAL.
    11. Chollete, Lorán & de la Peña, Victor & Klass, Michael, 2023. "The price of independence in a model with unknown dependence," Mathematical Social Sciences, Elsevier, vol. 123(C), pages 51-58.
    12. Fukuda, Satoshi, 2021. "Unawareness without AU Introspection," Journal of Mathematical Economics, Elsevier, vol. 94(C).
    13. Borgonovo, E. & Cappelli, V. & Maccheroni, F. & Marinacci, M., 2018. "Risk analysis and decision theory: A bridge," European Journal of Operational Research, Elsevier, vol. 264(1), pages 280-293.
    14. Guarino, Pierfrancesco, 2020. "An epistemic analysis of dynamic games with unawareness," Games and Economic Behavior, Elsevier, vol. 120(C), pages 257-288.
    15. Kochov, Asen, 2018. "A behavioral definition of unforeseen contingencies," Journal of Economic Theory, Elsevier, vol. 175(C), pages 265-290.
    16. Becker, Christoph K. & Melkonyan, Tigran & Proto, Eugenio & Sofianos, Andis & Trautmann, Stefan T., 2020. "Reverse Bayesianism: Revising Beliefs in Light of Unforeseen Events," IZA Discussion Papers 13821, Institute of Labor Economics (IZA).
    17. Ani Guerdjikova & John Quiggin, 2019. "Market Selection with Differential Financial Constraints," Working Papers hal-02005501, HAL.
    18. Auster, Sarah & Pavoni, Nicola, 2024. "Optimal delegation and information transmission under limited awareness," Theoretical Economics, Econometric Society, vol. 19(1), January.
    19. Galanis, S. & Kotronis, S., 2019. "Updating Awareness and Information Aggregation," Working Papers 19/03, Department of Economics, City University London.
    20. Mketo, Ally Rajab & Ringo, Cliford J. & Nuhu, Said & Mpambije, Chakupewa Joseph, 2022. "Enhancing community participation for environmental health improvement in rural Tanzania: Evidence from Bukombe district," Evaluation and Program Planning, Elsevier, vol. 94(C).
    21. Sarah Auster & Nicola Pavoni, 2018. "Optimal Delegation and Limited Awareness, with an Application to Financial Intermediation," BAFFI CAREFIN Working Papers 1869, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    22. Scott Condie & Lars Stentoft & Marie-Louise Vierø, 2023. "Unawareness Premia," Economics Working Papers 2023-09, Department of Economics and Business Economics, Aarhus University.
    23. Marie-Louise Vierø, 2022. "Lost in objective translation: Awareness of unawareness when unknowns are not simply unknowns," Economics Working Papers 2022-06, Department of Economics and Business Economics, Aarhus University.
    24. Simon Grant & Ani Guerdjikova & John Quiggin, 2020. "Ambiguity and awareness: a coherent multiple priors model. ," Working Papers hal-02550347, HAL.
    25. Evan Piermont, 2019. "Unforeseen Evidence," Papers 1907.07019, arXiv.org, revised Jan 2021.
    26. Adam Dominiak & Ani Guerdjikova, 2021. "Pessimism and optimism towards new discoveries," Theory and Decision, Springer, vol. 90(3), pages 321-370, May.
    27. Zeng, Qiyan & Yu, Xiaohua & Bao, Te, 2020. "Memory utility, food consumption and obesity," China Economic Review, Elsevier, vol. 62(C).
    28. Dietrich, Franz, 2018. "Savage's theorem under changing awareness," Journal of Economic Theory, Elsevier, vol. 176(C), pages 1-54.
    29. Simon Grant & Idione Meneghel & Rabee Tourky, 2022. "Learning under unawareness," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 74(2), pages 447-475, September.
    30. Dominiak, Adam & Tserenjigmid, Gerelt, 2022. "Ambiguity under growing awareness," Journal of Economic Theory, Elsevier, vol. 199(C).
    31. Marcus Pivato, 2020. "Subjective expected utility with a spectral state space," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 69(2), pages 249-313, March.
    32. Simon Dietz & Falk Niehörster, 2021. "Pricing ambiguity in catastrophe risk insurance," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 46(2), pages 112-132, September.
    33. Áron Tóbiás, 2023. "Cognitive limits and preferences for information," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 46(1), pages 221-253, June.
    34. Surajeet Chakravarty & David Kelsey & Joshua C. Teitelbaum, 2018. "Tort Liability and Unawareness," Discussion Papers 1801, University of Exeter, Department of Economics.
    35. Araujo, Felipe A. & Piermont, Evan, 2023. "Unawareness and risk taking: The role of context," Journal of Economic Behavior & Organization, Elsevier, vol. 208(C), pages 61-79.
    36. Patrick H. O'Callaghan, 2019. "Second-order Inductive Inference: an axiomatic approach," Papers 1904.02934, arXiv.org, revised Mar 2021.
    37. Piermont, Evan, 2017. "Context dependent beliefs," Journal of Mathematical Economics, Elsevier, vol. 71(C), pages 63-73.
    38. Lorán Chollete & Sharon G. Harrison, 2021. "Unintended Consequences: Ambiguity Neglect and Policy Ineffectiveness," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 47(2), pages 206-226, April.

  3. Edi Karni & Marie-Louise Viero, 2013. "Probabilistic Sophistication And Reverse Bayesianism," Working Paper 1303, Economics Department, Queen's University.

    Cited by:

    1. Antonio Díaz & Carlos Esparcia, 2021. "Dynamic optimal portfolio choice under time-varying risk aversion," International Economics, CEPII research center, issue 166, pages 1-22.
    2. Dominiak, Adam & Tserenjigmid, Gerelt, 2018. "Belief consistency and invariant risk preferences," Journal of Mathematical Economics, Elsevier, vol. 79(C), pages 157-162.
    3. Marie-Louise Vierø, 2017. "An Intertemporal Model Of Growing Awareness," Working Paper 1388, Economics Department, Queen's University.
    4. Chakravarty, Surajeet & Kelsey, David & Teitelbaum, Joshua C., 2022. "Reverse Bayesianism and act independence," Journal of Economic Theory, Elsevier, vol. 203(C).
    5. Karni, Edi & Vierø, Marie-Louise, 2017. "Awareness of unawareness: A theory of decision making in the face of ignorance," Journal of Economic Theory, Elsevier, vol. 168(C), pages 301-328.
    6. Becker, Christoph K. & Melkonyan, Tigran & Proto, Eugenio & Sofianos, Andis & Trautmann, Stefan T., 2020. "Reverse Bayesianism: Revising Beliefs in Light of Unforeseen Events," IZA Discussion Papers 13821, Institute of Labor Economics (IZA).
    7. Pamela Giustinelli & Nicola Pavoni, 2017. "Online Appendix to "The Evolution of Awareness and Belief Ambiguity in the Process of High School Track Choice"," Online Appendices 16-101, Review of Economic Dynamics.
    8. Simon Grant & Ani Guerdjikova & John Quiggin, 2020. "Ambiguity and awareness: a coherent multiple priors model. ," Working Papers hal-02550347, HAL.
    9. Adam Dominiak & Ani Guerdjikova, 2021. "Pessimism and optimism towards new discoveries," Theory and Decision, Springer, vol. 90(3), pages 321-370, May.
    10. Dominiak, Adam & Tserenjigmid, Gerelt, 2022. "Ambiguity under growing awareness," Journal of Economic Theory, Elsevier, vol. 199(C).
    11. Surajeet Chakravarty & David Kelsey & Joshua C. Teitelbaum, 2020. "Operationalizing Reverse Bayesianism," Discussion Papers 2020-18, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
    12. Marcus Pivato, 2020. "Subjective expected utility with a spectral state space," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 69(2), pages 249-313, March.

  4. Gary Charness & Edi Karni & Dan Levin, 2012. "Ambiguity Attitudes and Social Interactions: An Experimental Investigation," Economics Working Paper Archive 590, The Johns Hopkins University,Department of Economics.

    Cited by:

    1. Ert, Eyal & T. Trautmann, Stefan, 2012. "Sampling Experience Reverses Preferences for Ambiguity," Discussion Papers 164346, Hebrew University of Jerusalem, Department of Agricultural Economics and Management.
    2. Aurélien Baillon & Yoram Halevy & Chen Li, 2022. "Experimental elicitation of ambiguity attitude using the random incentive system," Experimental Economics, Springer;Economic Science Association, vol. 25(3), pages 1002-1023, June.
    3. Alex Voorhoeve & Ken Binmore & Arnaldur Stefansson & Lisa Stewart, 2016. "Ambiguity attitudes, framing, and consistency," Theory and Decision, Springer, vol. 81(3), pages 313-337, September.
    4. Jim Engle-Warnick & Sonia Laszlo Author Email: sonia.laszlo@mcgill.ca, 2006. "Learning By Doing In An Ambiguous Environment," Departmental Working Papers 2006-29, McGill University, Department of Economics.
    5. Stephan Jagau & Theo (T.J.S.) Offerman, 2017. "Defaults, Normative Anchors and the Occurrence of Risky and Cautious Shifts," Tinbergen Institute Discussion Papers 17-083/I, Tinbergen Institute.
    6. Konstantinos Georgalos, 2016. "Dynamic decision making under ambiguity," Working Papers 112111041, Lancaster University Management School, Economics Department.
    7. Maria Montero & Jesal Sheth, 2019. "Naivety about hidden information: An experimental investigation," Discussion Papers 2019-11, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
    8. Elisa Cavatorta & David Schröder, 2019. "Measuring ambiguity preferences: A new ambiguity preference survey module," Journal of Risk and Uncertainty, Springer, vol. 58(1), pages 71-100, February.
    9. Ahsanuzzaman, & Priyo, Asad Karim Khan & Nuzhat, Kanti Ananta, 2022. "Effects of communication, group selection, and social learning on risk and ambiguity attitudes: Experimental evidence from Bangladesh," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 96(C).
    10. Natalia Montinari & Michela Rancan, 2018. "Risk taking on behalf of others: The role of social distance," Journal of Risk and Uncertainty, Springer, vol. 57(1), pages 81-109, August.
    11. Ken Binmore & Lisa Stewart & Alex Voorhoeve, 2012. "How much ambiguity aversion?," Journal of Risk and Uncertainty, Springer, vol. 45(3), pages 215-238, December.
    12. Brice Corgnet & Roberto Hernán-Gonzalez & Praveen Kujal, 2018. "On Booms That Never Bust: Ambiguity in Experimental Asset Markets with Bubbles," Working Papers halshs-01898435, HAL.
    13. Huang, Lingbo & Xiao, Erte, 2021. "Peer effects in public support for Pigouvian taxation," Journal of Economic Behavior & Organization, Elsevier, vol. 187(C), pages 192-204.
    14. Robin Cubitt & Gijs Kuilen & Sujoy Mukerji, 2018. "The strength of sensitivity to ambiguity," Theory and Decision, Springer, vol. 85(3), pages 275-302, October.
    15. Christoph Bühren & Fabian Meier & Marco Pleßner, 2023. "Ambiguity aversion: bibliometric analysis and literature review of the last 60 years," Management Review Quarterly, Springer, vol. 73(2), pages 495-525, June.
    16. Guillaume R. Fréchette & Andrew Schotter & Isabel Trevino, 2017. "Personality, Information Acquisition, And Choice Under Uncertainty: An Experimental Study," Economic Inquiry, Western Economic Association International, vol. 55(3), pages 1468-1488, July.
    17. Christoph Kuzmics & Brian W. Rogers & Xiannong Zhang, 2023. "Randomization advice and ambiguity aversion," Papers 2301.03304, arXiv.org.
    18. König-Kersting, Christian & Trautmann, Stefan T., 2016. "Ambiguity attitudes in decisions for others," Economics Letters, Elsevier, vol. 146(C), pages 126-129.
    19. Kocher, Martin G. & Lahno, Amrei Marie & Trautmann, Stefan T., 2015. "Ambiguity aversion is the exception," Discussion Papers in Economics 23817, University of Munich, Department of Economics.
    20. Füllbrunn, Sascha & Rau, Holger A. & Weitzel, Utz, 2014. "Does ambiguity aversion survive in experimental asset markets?," Journal of Economic Behavior & Organization, Elsevier, vol. 107(PB), pages 810-826.
    21. Andreea O Diaconescu & Christoph Mathys & Lilian A E Weber & Jean Daunizeau & Lars Kasper & Ekaterina I Lomakina & Ernst Fehr & Klaas E Stephan, 2014. "Inferring on the Intentions of Others by Hierarchical Bayesian Learning," PLOS Computational Biology, Public Library of Science, vol. 10(9), pages 1-19, September.
    22. Spiros Bougheas & Jeroen Nieboer & Martin Sefton, 2013. "Risk Taking in Social Settings: Group and Peer Effects," Discussion Papers 2013-01, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
    23. Christoph Kuzmics & Brian W. Rogers & Xiannong Zhang, 2019. "Is Ellsberg behavior evidence of ambiguity aversion?," Graz Economics Papers 2019-07, University of Graz, Department of Economics.
    24. Keck, Steffen & Diecidue, Enrico & Budescu, David V., 2014. "Group decisions under ambiguity: Convergence to neutrality," Journal of Economic Behavior & Organization, Elsevier, vol. 103(C), pages 60-71.
    25. Enrica Carbone & Konstantinos Georgalos & Gerardo Infante, 2019. "Individual vs. group decision-making: an experiment on dynamic choice under risk and ambiguity," Theory and Decision, Springer, vol. 87(1), pages 87-122, July.
    26. Ruonan Jia & Ellen Furlong & Sean Gao & Laurie R Santos & Ifat Levy, 2020. "Learning about the Ellsberg Paradox reduces, but does not abolish, ambiguity aversion," PLOS ONE, Public Library of Science, vol. 15(3), pages 1-24, March.
    27. Utteeyo Dasgupta, 2016. "Shooting in the Dark: Do Prices Matter in Ambiguous Environments?," Studies in Microeconomics, , vol. 4(1), pages 1-12, June.
    28. Montinari, Natalia & Rancan, Michela, 2020. "A friend is a treasure: On the interplay of social distance and monetary incentives when risk is taken on behalf of others," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 86(C).
    29. Kocher, Martin G. & Lahno, Amrei Marie & Trautmann, Stefan T., 2018. "Ambiguity aversion is not universal," Munich Reprints in Economics 62872, University of Munich, Department of Economics.
    30. Milos Borozan & Loreta Cannito & Barbara Luppi, 2022. "A tale of two ambiguities: A conceptual overview of findings from economics and psychology," Journal of Behavioral Economics for Policy, Society for the Advancement of Behavioral Economics (SABE), vol. 6(S1), pages 11-21, July.
    31. Ertac, Seda & Gurdal, Mehmet Y., 2019. "Preference Communication and leadership in group decision-making," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 80(C), pages 130-140.
    32. Haven, Emmanuel & Sozzo, Sandro, 2016. "A generalized probability framework to model economic agents' decisions under uncertainty," International Review of Financial Analysis, Elsevier, vol. 47(C), pages 297-303.
    33. Aurélien Baillon & Zhenxing Huang & Asli Selim & Peter P. Wakker, 2018. "Measuring Ambiguity Attitudes for All (Natural) Events," Econometrica, Econometric Society, vol. 86(5), pages 1839-1858, September.
    34. Ken Binmore, 2017. "On the Foundations of Decision Theory," Homo Oeconomicus: Journal of Behavioral and Institutional Economics, Springer, vol. 34(4), pages 259-273, December.
    35. Voorhoeve, Alex & Binmore, Ken G & Stefansson, Arnaldur & Stewart, Lisa, 2016. "Ambiguity attitudes, framing, and consistency," LSE Research Online Documents on Economics 65577, London School of Economics and Political Science, LSE Library.
    36. James C. Cox & Vjollca Sadiraj & Ulrich Schmidt, 2011. "Paradoxes and Mechanisms for Choice under Risk," Experimental Economics Center Working Paper Series 2011-07, Experimental Economics Center, Andrew Young School of Policy Studies, Georgia State University, revised Mar 2014.
    37. M. Vittoria Levati & Stefan Napel & Ivan Soraperra, 2017. "Collective Choices Under Ambiguity," Group Decision and Negotiation, Springer, vol. 26(1), pages 133-149, January.
    38. Robin Chark & Soo Chew, 2015. "A neuroimaging study of preference for strategic uncertainty," Journal of Risk and Uncertainty, Springer, vol. 50(3), pages 209-227, June.
    39. David Kelsey & Sara le Roux, 2018. "Strategic ambiguity and decision-making: an experimental study," Theory and Decision, Springer, vol. 84(3), pages 387-404, May.
    40. Sasha Prokosheva, 2014. "Comparing Decisions under Compound Risk and Ambiguity: The Importance of Cognitive Skills," CERGE-EI Working Papers wp525, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    41. Georgalos, Konstantinos, 2021. "Dynamic decision making under ambiguity: An experimental investigation," Games and Economic Behavior, Elsevier, vol. 127(C), pages 28-46.
    42. Arthur E. Attema & Han Bleichrodt & Olivier L'Haridon, 2018. "Ambiguity preferences for health," Health Economics, John Wiley & Sons, Ltd., vol. 27(11), pages 1699-1716, November.
    43. Huang, Yi-Chieh & Tzeng, Larry Y. & Zhao, Lin, 2015. "Comparative ambiguity aversion and downside ambiguity aversion," Insurance: Mathematics and Economics, Elsevier, vol. 62(C), pages 257-269.
    44. Aljoscha Minnich & Andreas Lange, 2023. "Ambiguity Attitudes of Individuals and Groups in Gain and Loss Domains," CESifo Working Paper Series 10781, CESifo.
    45. Lahno, Amrei M., 2014. "Social anchor effects in decision-making under ambiguity," Discussion Papers in Economics 20960, University of Munich, Department of Economics.
    46. Oechssler, Jörg & Roomets, Alex, 2014. "A Test of Mechanical Ambiguity," Working Papers 0555, University of Heidelberg, Department of Economics.
    47. Bergheim, Ralf & Roos, Michael W. M., 2013. "Intuition and Reasoning in Choosing Ambiguous and Risky Lotteries," Ruhr Economic Papers 440, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    48. Oechssler, Jörg & Roomets, Alex, 2014. "Unintended hedging in ambiguity experiments," Economics Letters, Elsevier, vol. 122(2), pages 243-246.
    49. David Schröder & Gail Gilboa Freedman, 2020. "Decision making under uncertainty: the relation between economic preferences and psychological personality traits," Theory and Decision, Springer, vol. 89(1), pages 61-83, July.
    50. Andreas Friedl & Patrick Ring & Ulrich Schmidt, 2017. "Gender differences in ambiguity aversion under different outcome correlation structures," Theory and Decision, Springer, vol. 82(2), pages 211-219, February.
    51. Alex Berger & Agnieszka Tymula, 2022. "Controlling ambiguity: The illusion of control in choice under risk and ambiguity," Journal of Risk and Uncertainty, Springer, vol. 65(3), pages 261-284, December.
    52. Ahsanuzzaman, & Palm-Forster, Leah H. & Suter, Jordan F., 2022. "Experimental evidence of common pool resource use in the presence of uncertainty," Journal of Economic Behavior & Organization, Elsevier, vol. 194(C), pages 139-160.
    53. Stephen G. Dimmock & Roy Kouwenberg & Peter P. Wakker, 2016. "Ambiguity Attitudes in a Large Representative Sample," Management Science, INFORMS, vol. 62(5), pages 1363-1380, May.
    54. Yang, Jian, 2018. "Game-theoretic modeling of players’ ambiguities on external factors," Journal of Mathematical Economics, Elsevier, vol. 75(C), pages 31-56.

  5. Edi Karni & Tsogbadral Galaabaatar, 2012. "Expected Multi-Utility Representations," Economics Working Paper Archive 592, The Johns Hopkins University,Department of Economics.

    Cited by:

    1. Özgür Evren, 2012. "Scalarization Methods and Expected Multi-Utility Representations," Working Papers w0174, Center for Economic and Financial Research (CEFIR).
    2. Bosi, Gianni & Herden, Gerhard, 2016. "On continuous multi-utility representations of semi-closed and closed preorders," Mathematical Social Sciences, Elsevier, vol. 79(C), pages 20-29.
    3. Galaabaatar, Tsogbadral & Khan, M. Ali & Uyanık, Metin, 2019. "Completeness and transitivity of preferences on mixture sets," Mathematical Social Sciences, Elsevier, vol. 99(C), pages 49-62.
    4. Karni, Edi & Safra, Zvi, 2016. "A theory of stochastic choice under uncertainty," Journal of Mathematical Economics, Elsevier, vol. 63(C), pages 164-173.
    5. David McCarthy & Kalle Mikkola & Teruji Thomas, 2019. "Aggregation for potentially infinite populations without continuity or completeness," Papers 1911.00872, arXiv.org.
    6. Edi Karni, 2014. "Familiarity breeds completeness," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 56(1), pages 109-124, May.
    7. Evren, Özgür, 2014. "Scalarization methods and expected multi-utility representations," Journal of Economic Theory, Elsevier, vol. 151(C), pages 30-63.
    8. McCarthy, David & Mikkola, Kalle & Thomas, Teruji, 2021. "Expected utility theory on mixture spaces without the completeness axiom," Journal of Mathematical Economics, Elsevier, vol. 97(C).
    9. Baucells, Manel & Samet, Dov, 2018. "Coalition preferences with individual prospects," Games and Economic Behavior, Elsevier, vol. 108(C), pages 585-591.
    10. Quartieri, Federico, 2022. "A unified view of the existence of maximals," Journal of Mathematical Economics, Elsevier, vol. 99(C).
    11. McCarthy, David & Mikkola, Kalle, 2018. "Continuity and completeness of strongly independent preorders," Mathematical Social Sciences, Elsevier, vol. 93(C), pages 141-145.
    12. Pivato, Marcus, 2012. "Multiutility representations for incomplete difference preorders," MPRA Paper 41182, University Library of Munich, Germany.
    13. McCarthy, David & Mikkola, Kalle & Thomas, Teruji, 2017. "Representation of strongly independent preorders by sets of scalar-valued functions," MPRA Paper 79284, University Library of Munich, Germany.
    14. Dino Borie, 2016. "Additively Separable Preferences Without the Completeness Axiom: An Algebraic Approach," GREDEG Working Papers 2016-11, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    15. Weixuan Xia, 2023. "Optimal Consumption--Investment Problems under Time-Varying Incomplete Preferences," Papers 2312.00266, arXiv.org.
    16. Karni, Edi & Zhou, Nan, 2021. "Weighted utility theory with incomplete preferences," Mathematical Social Sciences, Elsevier, vol. 113(C), pages 116-135.
    17. Marcus Pivato, 2020. "Subjective expected utility with a spectral state space," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 69(2), pages 249-313, March.
    18. D. Borie, 2016. "Lexicographic expected utility without completeness," Theory and Decision, Springer, vol. 81(2), pages 167-176, August.
    19. Bosi, Gianni & Herden, Gerhard, 2014. "Topological spaces for which every closed and semi-closed preorder respectively admits a continuous multi-utility representation," MPRA Paper 53404, University Library of Munich, Germany.

  6. Edi Karni & Marie-Louise Vierø, 2012. ""Reverse Bayesianism": A Choice-Based Theory of Growing Awareness," Economics Working Paper Archive 591, The Johns Hopkins University,Department of Economics.

    Cited by:

    1. Ani Guerdjikova & Jürgen Eichberger, 2023. "Cases and States ," Working Papers hal-03962412, HAL.
    2. Wenjun Ma & Burkhard C. Schipper, 2017. "Does exposure to unawareness affect risk preferences? A preliminary result," Theory and Decision, Springer, vol. 83(2), pages 245-257, August.
    3. Heinsalu, Sander, 2014. "Universal type structures with unawareness," Games and Economic Behavior, Elsevier, vol. 83(C), pages 255-266.
    4. Paul Frijters & Benno Torgler & Brendan Markey-Towler, 2016. "On the Problem of Constructing Rational Preferences," The Economic Record, The Economic Society of Australia, vol. 92, pages 68-82, June.
    5. John Quiggin, 2016. "The value of information and the value of awareness," Theory and Decision, Springer, vol. 80(2), pages 167-185, February.
    6. Edi Karni & Marie-Louise Viero, 2013. "Probabilistic Sophistication And Reverse Bayesianism," Working Paper 1303, Economics Department, Queen's University.
    7. Dominiak, Adam & Tserenjigmid, Gerelt, 2018. "Belief consistency and invariant risk preferences," Journal of Mathematical Economics, Elsevier, vol. 79(C), pages 157-162.
    8. Sarah Auster & Jeremy Kettering & Asen Kochov, 2021. "Sequential Trading with Coarse Contingencies," ECONtribute Discussion Papers Series 052, University of Bonn and University of Cologne, Germany.
    9. Marina Agranov & Anastasia Buyalskaya, 2022. "Deterrence Effects of Enforcement Schemes: An Experimental Study," Management Science, INFORMS, vol. 68(5), pages 3573-3589, May.
    10. Oliver Walker, 2011. "Unawareness with �possible� possible worlds," GRI Working Papers 69, Grantham Research Institute on Climate Change and the Environment.
    11. Auster, Sarah, 2013. "Asymmetric awareness and moral hazard," Games and Economic Behavior, Elsevier, vol. 82(C), pages 503-521.
    12. Chakravarty, Surajeet & Kelsey, David & Teitelbaum, Joshua C., 2022. "Reverse Bayesianism and act independence," Journal of Economic Theory, Elsevier, vol. 203(C).
    13. Loïc Berger & Johannes Emmerling & Massimo Tavoni, 2017. "Managing Catastrophic Climate Risks Under Model Uncertainty Aversion," Post-Print hal-01744501, HAL.
    14. John Quiggin, 2017. "Dynamic awareness and zero probability beliefs," Theory and Decision, Springer, vol. 83(3), pages 309-313, October.
    15. Boissonnet, Niels & Ghersengorin, Alexis & Gleyze, Simon, 2020. "Revealed Deliberate Preference Changes," MPRA Paper 101756, University Library of Munich, Germany.
    16. Serguey Braguinsky & Atsushi Ohyama & Tetsuji Okazaki & Chad Syverson, 2020. "Product Innovation, Product Diversification, and Firm Growth: Evidence from Japan’s Early Industrialization," ISER Discussion Paper 1091, Institute of Social and Economic Research, Osaka University.
    17. Faro, José Heleno & Lefort, Jean-Philippe, 2019. "Dynamic objective and subjective rationality," Theoretical Economics, Econometric Society, vol. 14(1), January.
    18. Chollete, Lorán & Jaffee, Dwight & Mamun, Khawaja A., 2022. "Policy suggestions from a simple framework with extreme outcomes," International Review of Economics & Finance, Elsevier, vol. 82(C), pages 374-398.
    19. Ani Guerdjikova & John Quiggin, 2018. "Intertemporal Portfolio Choice with Incorrect Beliefs and Aversion to Surprise," Post-Print hal-02086151, HAL.
    20. Karni, Edi & Vierø, Marie-Louise, 2017. "Awareness of unawareness: A theory of decision making in the face of ignorance," Journal of Economic Theory, Elsevier, vol. 168(C), pages 301-328.
    21. Chollete, Lorán & de la Peña, Victor & Klass, Michael, 2023. "The price of independence in a model with unknown dependence," Mathematical Social Sciences, Elsevier, vol. 123(C), pages 51-58.
    22. Grant, Simon & Quiggin, John, 2013. "Bounded awareness, heuristics and the Precautionary Principle," Journal of Economic Behavior & Organization, Elsevier, vol. 93(C), pages 17-31.
    23. Weijia Wang & Shaoan Huang, 2021. "Risk sharing and financial stability: a welfare analysis," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 16(1), pages 211-228, January.
    24. H. Orri Stefánsson, 2019. "On the Limits of the Precautionary Principle," Risk Analysis, John Wiley & Sons, vol. 39(6), pages 1204-1222, June.
    25. Izhakian, Yehuda & Yermack, David, 2017. "Risk, ambiguity, and the exercise of employee stock options," Journal of Financial Economics, Elsevier, vol. 124(1), pages 65-85.
    26. Borgonovo, E. & Cappelli, V. & Maccheroni, F. & Marinacci, M., 2018. "Risk analysis and decision theory: A bridge," European Journal of Operational Research, Elsevier, vol. 264(1), pages 280-293.
    27. Yehuda Izhakian & David Yermack & Jaime F. Zender, 2016. "Ambiguity and the Tradeoff Theory of Capital Structure," NBER Working Papers 22870, National Bureau of Economic Research, Inc.
    28. Kochov, Asen, 2018. "A behavioral definition of unforeseen contingencies," Journal of Economic Theory, Elsevier, vol. 175(C), pages 265-290.
    29. Marek Pycia & Peter Troyan, 2021. "A theory of simplicity in games and mechanism design," ECON - Working Papers 393, Department of Economics - University of Zurich.
    30. Becker, Christoph K. & Melkonyan, Tigran & Proto, Eugenio & Sofianos, Andis & Trautmann, Stefan T., 2020. "Reverse Bayesianism: Revising Beliefs in Light of Unforeseen Events," IZA Discussion Papers 13821, Institute of Labor Economics (IZA).
    31. Ani Guerdjikova & John Quiggin, 2019. "Market Selection with Differential Financial Constraints," Working Papers hal-02005501, HAL.
    32. Jonathan Dark, 2021. "The lead of oil price rises on US equity market beliefs and preferences," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 41(11), pages 1861-1887, November.
    33. Djeutem Edouard & Nguimkeu Pierre, 2020. "Robust learning in the foreign exchange market," The B.E. Journal of Macroeconomics, De Gruyter, vol. 20(1), pages 1-14, January.
    34. Shabnam Mousavi & Shyam Sunder, 2019. "Physical Laws and Human Behavior: A Three-Tier Framework," Cowles Foundation Discussion Papers 2173, Cowles Foundation for Research in Economics, Yale University.
    35. Yulin Liu & Luyao Zhang, 2022. "Cryptocurrency Valuation: An Explainable AI Approach," Papers 2201.12893, arXiv.org, revised Jul 2023.
    36. Joseph Y. Halpern & Evan Piermont, 2020. "Dynamic Awareness," Papers 2007.02823, arXiv.org.
    37. Simon Grant & Ani Guerdjikova & John Quiggin, 2020. "Ambiguity and awareness: a coherent multiple priors model. ," Working Papers hal-02550347, HAL.
    38. Ehud Lehrer & Roee Teper, 2014. "Extension Rules or What Would the Sage Do?," American Economic Journal: Microeconomics, American Economic Association, vol. 6(1), pages 5-22, February.
    39. Piacquadio, Paolo G., 2015. "The Ethics of Intergenerational Risk," Memorandum 15/2015, Oslo University, Department of Economics.
    40. Konrad Grabiszewski, 2015. "Rationalizing epistemic bounded rationality," Theory and Decision, Springer, vol. 78(4), pages 629-637, April.
    41. Adam Dominiak & Ani Guerdjikova, 2021. "Pessimism and optimism towards new discoveries," Theory and Decision, Springer, vol. 90(3), pages 321-370, May.
    42. Dietrich, Franz, 2018. "Savage's theorem under changing awareness," Journal of Economic Theory, Elsevier, vol. 176(C), pages 1-54.
    43. Brendan Markey-Towler, 2018. "Antifragility, the Black Swan and psychology," Evolutionary and Institutional Economics Review, Springer, vol. 15(2), pages 367-384, December.
    44. Oliver Walker & Simon Dietz, 2011. "A representation result for choice under conscious unawareness," GRI Working Papers 59, Grantham Research Institute on Climate Change and the Environment.
    45. Gaia Belardinelli & Burkhard C. Schipper, 2023. "Implicit Knowledge in Unawareness Structures," Working Papers 360, University of California, Davis, Department of Economics.
    46. Virginia Cecchini Manara & Lorenzo Sacconi, 2019. "Institutions, Frames, and Social Contract Reasoning," Econometica Working Papers wp71, Econometica.
    47. T. Florian Kauffeldt & Boris R. Wiesenfarth, 2018. "Product Design Competition Under Different Degrees of Demand Ambiguity," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 53(2), pages 397-420, September.
    48. Dominiak, Adam & Tserenjigmid, Gerelt, 2022. "Ambiguity under growing awareness," Journal of Economic Theory, Elsevier, vol. 199(C).
    49. Surajeet Chakravarty & David Kelsey & Joshua C. Teitelbaum, 2020. "Operationalizing Reverse Bayesianism," Discussion Papers 2020-18, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
    50. Takashi Hayashi, 2012. "Expanding state space and extension of beliefs," Theory and Decision, Springer, vol. 73(4), pages 591-604, October.
    51. Joshua S. Gans & Peter Landry, 2019. "Self-recognition in teams," International Journal of Game Theory, Springer;Game Theory Society, vol. 48(4), pages 1169-1201, December.
    52. Brenner, Menachem & Izhakian, Yehuda, 2018. "Asset pricing and ambiguity: Empirical evidence⁎," Journal of Financial Economics, Elsevier, vol. 130(3), pages 503-531.
    53. Piermont, Evan, 2017. "Context dependent beliefs," Journal of Mathematical Economics, Elsevier, vol. 71(C), pages 63-73.
    54. Lorán Chollete & Sharon G. Harrison, 2021. "Unintended Consequences: Ambiguity Neglect and Policy Ineffectiveness," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 47(2), pages 206-226, April.

  7. Tsogbadral Galaabaatar & Edi Karni, 2010. "Objective and Subjective Expected Utility with Incomplete Preferences," Economics Working Paper Archive 572, The Johns Hopkins University,Department of Economics.

    Cited by:

    1. Karni, Edi, 2011. "Continuity, completeness and the definition of weak preferences," Mathematical Social Sciences, Elsevier, vol. 62(2), pages 123-125, September.
    2. Brian Hill, 2011. "Deferral, incomplete preferences and confidence," Working Papers hal-00579337, HAL.
    3. Hiroki Nishimura, 2014. "The Transitive Core: Inference of Welfare from Nontransitive Preference Relations," Working Papers 201419, University of California at Riverside, Department of Economics.

  8. Edi Karni, 2009. "On the Conjunction Fallacy in Probability Judgment: New Experimental Evidence Regarding Linda," Economics Working Paper Archive 552, The Johns Hopkins University,Department of Economics.

    Cited by:

    1. Andreas Ortmann & Leonidas Spiliopoulos, 2017. "The beauty of simplicity? (Simple) heuristics and the opportunities yet to be realized," Chapters, in: Morris Altman (ed.), Handbook of Behavioural Economics and Smart Decision-Making, chapter 7, pages 119-136, Edward Elgar Publishing.
    2. David Cooper & Krista Saral & Marie Claire Villeval, 2019. "Why Join a Team?," Working Papers halshs-02295921, HAL.
    3. Valeria Faralla & Guido Borà & Alessandro Innocenti & Marco Novarese, 2018. "Promises in Group Decision Making," Labsi Experimental Economics Laboratory University of Siena 051, University of Siena.
    4. Stephan Jagau & Theo (T.J.S.) Offerman, 2017. "Defaults, Normative Anchors and the Occurrence of Risky and Cautious Shifts," Tinbergen Institute Discussion Papers 17-083/I, Tinbergen Institute.
    5. Alessia Isopi & Daniele Nosenzo & Chris Starmer, 2014. "Does consultation improve decision-making?," Theory and Decision, Springer, vol. 77(3), pages 377-388, October.
    6. Giovanna Devetag & Francesca Ceccacci & Paola De Salvo, 2013. "Do Reputation Concerns Make Behavioral Biases Disappear? The Conjunction Fallacy on Facebook and Mechanical Turk," CEEL Working Papers 1303, Cognitive and Experimental Economics Laboratory, Department of Economics, University of Trento, Italia.
    7. Maria Montero & Jesal Sheth, 2019. "Naivety about hidden information: An experimental investigation," Discussion Papers 2019-11, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
    8. V. I. Yukalov & D. Sornette, 2012. "Quantum decision making by social agents," Papers 1202.4918, arXiv.org, revised Oct 2015.
    9. Ahsanuzzaman, & Priyo, Asad Karim Khan & Nuzhat, Kanti Ananta, 2022. "Effects of communication, group selection, and social learning on risk and ambiguity attitudes: Experimental evidence from Bangladesh," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 96(C).
    10. Franco Vaio, 2019. "The quantum-like approach to modeling classical rationality violations: an introduction," Mind & Society: Cognitive Studies in Economics and Social Sciences, Springer;Fondazione Rosselli, vol. 18(1), pages 105-123, June.
    11. Besedes, Tibor & Deck, Cary & Quintanar, Sarah & Sarangi, Sudipta & Shor, Mikhael, 2011. "Free-Riding and Performance in Collaborative and Non-Collaborative Groups," MPRA Paper 33948, University Library of Munich, Germany.
    12. Nina Weber, 2021. "Experience and Perception of Social Mobility - a Cross-Country Test of the Self-Serving Bias," LIS Working papers 783, LIS Cross-National Data Center in Luxembourg.
    13. Crosetto, Paolo & Filippin, Antonio & Katuščák, Peter & Smith, John, 2020. "Central tendency bias in belief elicitation," Journal of Economic Psychology, Elsevier, vol. 78(C).
    14. Haritha P H, 2024. "The Effect of Heuristics on Indian Stock Market Investors: Investor Sentiment as a Mediator," Management and Labour Studies, XLRI Jamshedpur, School of Business Management & Human Resources, vol. 49(1), pages 43-61, February.
    15. Tridib Sharma & Radovan Vadovic, 2010. "Axiom of Monotonicity: An Experimental Test," Working Papers 1003, Centro de Investigacion Economica, ITAM, revised 2011.
    16. Gary Charness & Edi Karni & Dan Levin, 2013. "Ambiguity attitudes and social interactions: An experimental investigation," Journal of Risk and Uncertainty, Springer, vol. 46(1), pages 1-25, February.
    17. Gary Charness & Matthias Sutter, 2012. "Groups Make Better Self-Interested Decisions," Journal of Economic Perspectives, American Economic Association, vol. 26(3), pages 157-176, Summer.
    18. Spiros Bougheas & Jeroen Nieboer & Martin Sefton, 2013. "Risk Taking in Social Settings: Group and Peer Effects," Discussion Papers 2013-01, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
    19. Soo Hong Chew & Junjian Yi & Junsen Zhang & Songfa Zhong, 2016. "Education and anomalies in decision making: Experimental evidence from Chinese adult twins," Journal of Risk and Uncertainty, Springer, vol. 53(2), pages 163-200, December.
    20. Thomas Stöckl & Jürgen Huber & Michael Kirchler & Florian Lindner, 2013. "Hot Hand and Gambler's Fallacy in Teams: Evidence from Investment Experiments," Working Papers 2013-04, Faculty of Economics and Statistics, Universität Innsbruck.
    21. Gary Charness & David Cooper & Zachary Grossman, 2015. "Silence is Golden: Team Problem Solving and Communication Costs," Working Papers wp2018_02_01, Department of Economics, Florida State University, revised Jan 2018.
    22. Masaki Aoyagi & Takehito Masuda & Naoko Nishimura, 2021. "Strategic Uncertainty and Probabilistic Sophistication," ISER Discussion Paper 1117, Institute of Social and Economic Research, Osaka University.
    23. Camillo Donati & Andrea Guazzini & Giorgio Gronchi & Andrea Smorti, 2019. "About Linda Again: How Narratives and Group Reasoning Can Influence Conjunction Fallacy," Future Internet, MDPI, vol. 11(10), pages 1-14, October.
    24. Boussaidi, Ramzi & AlSaggaf, Majid Ibrahim, 2022. "Contrarian profits and representativeness heuristic in the MENA stock markets," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 97(C).
    25. Jeanette A.M.J. Deetlefs & Mathew Chylinski & Andreas Ortmann, 2015. "MTurk ‘Unscrubbed’: Exploring the good, the ‘Super’, and the unreliable on Amazon’s Mechanical Turk," Discussion Papers 2015-20, School of Economics, The University of New South Wales.
    26. Daniel J. Benjamin, 2018. "Errors in Probabilistic Reasoning and Judgment Biases," GRU Working Paper Series GRU_2018_023, City University of Hong Kong, Department of Economics and Finance, Global Research Unit.
    27. Proeger, Till & Meub, Lukas & Bizer, Kilian, 2017. "The role of communication on an experimental market for tradable development rights," Land Use Policy, Elsevier, vol. 68(C), pages 614-624.
    28. Enrica Carbone & Konstantinos Georgalos & Gerardo Infante, 2019. "Individual vs. group decision-making: an experiment on dynamic choice under risk and ambiguity," Theory and Decision, Springer, vol. 87(1), pages 87-122, July.
    29. Christian König-Kersting & Monique Pollmann & Jan Potters & Stefan T. Trautmann, 2021. "Good decision vs. good results: Outcome bias in the evaluation of financial agents," Theory and Decision, Springer, vol. 90(1), pages 31-61, February.
    30. Brosig-Koch, Jeannette & Heinrich, Timo & Helbach, Christoph, 2014. "Does truth win when teams reason strategically?," Economics Letters, Elsevier, vol. 123(1), pages 86-89.
    31. Casari, Marco & Zhang, Jingjing & Jackson, Christine, 2015. "Same Process, Different Outcomes: Group Performance in an Acquiring a Company Experiment," IZA Discussion Papers 9614, Institute of Labor Economics (IZA).
    32. Li Hao & Daniel Houser, 2012. "Belief elicitation in the presence of naïve respondents: An experimental study," Journal of Risk and Uncertainty, Springer, vol. 44(2), pages 161-180, April.
    33. Giamattei, Marcus & Graf Lambsdorff, Johann, 2015. "classEx: An online software for classroom experiments," Passauer Diskussionspapiere, Volkswirtschaftliche Reihe V-68-15, University of Passau, Faculty of Business and Economics.
    34. Paradiso, Antonio & Kumar, Saten & Margani, Patrizia, 2014. "Are Italian consumer confidence adjustments asymmetric? A macroeconomic and psychological motives approach," Journal of Economic Psychology, Elsevier, vol. 43(C), pages 48-63.
    35. Thomas Boyer-Kassem & Sébastien Duchêne & Eric Guerci, 2015. "Quantum-like Models Cannot Account for the Conjunction Fallacy," GREDEG Working Papers 2015-41, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    36. Etan A. Green & Justin M. Rao & David Rothschild, 2019. "A Sharp Test of the Portability of Expertise," Management Science, INFORMS, vol. 67(6), pages 2820-2831, June.
    37. Comerford, David A., 2020. "Review of A Fast and Frugal Finance: Bridging Contemporary Behavioral Finance and Ecological Rationality, William P. Forbes, Aloysius Obinna Igboekwu, Shabnam Mousavi," Journal of Economic Psychology, Elsevier, vol. 80(C).
    38. V. I. Yukalov & D. Sornette, 2014. "Manipulating decision making of typical agents," Papers 1409.0636, arXiv.org.
    39. Charles-Cadogan, G., 2018. "Probability interference in expected utility theory," Journal of Mathematical Economics, Elsevier, vol. 78(C), pages 163-175.
    40. Andrea Polonioli, 2012. "Gigerenzer’s ‘external validity argument’ against the heuristics and biases program: an assessment," Mind & Society: Cognitive Studies in Economics and Social Sciences, Springer;Fondazione Rosselli, vol. 11(2), pages 133-148, December.
    41. Tibor Besedeš & Cary Deck & Sarah Quintanar & Sudipta Sarangi & Mikhail Shor, 2014. "Effort and Performance: What Distinguishes Interacting and Noninteracting Groups from Individuals?," Southern Economic Journal, John Wiley & Sons, vol. 81(2), pages 294-322, October.
    42. Élise PAYZAN LE NESTOUR, 2010. "Bayesian Learning in UnstableSettings: Experimental Evidence Based on the Bandit Problem," Swiss Finance Institute Research Paper Series 10-28, Swiss Finance Institute.
    43. Charness, Gary & Cooper, David & Grossman, Zachary, 2015. "Silence is Golden: Communication Costs and Team Problem Solving," University of California at Santa Barbara, Economics Working Paper Series qt3n25b620, Department of Economics, UC Santa Barbara.
    44. Jingjing Zhang, 2012. "Communication in asymmetric group competition over public goods," ECON - Working Papers 069, Department of Economics - University of Zurich.
    45. Yukalov, V.I. & Yukalova, E.P. & Sornette, D., 2022. "Role of collective information in networks of quantum operating agents," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 598(C).
    46. Jeanette A.M.J. Deetlefs & Mathew Chylinski & Andreas Ortmann, 2015. "MTurk ‘Unscrubbed’: Exploring the good, the ‘Super’, and the unreliable on Amazon’s Mechanical Turk," Discussion Papers 2015-20, School of Economics, The University of New South Wales.
    47. Ho Cheung Brian Lee & Jan Stallaert & Ming Fan, 2020. "Anomalies in Probability Estimates for Event Forecasting on Prediction Markets," Production and Operations Management, Production and Operations Management Society, vol. 29(9), pages 2077-2095, September.

  9. Charness, Gary B & Levin, Dan & Karni, Edi, 2008. "On the Conjunction Fallacy in Probability Judgment: New Experimental Evidence," University of California at Santa Barbara, Economics Working Paper Series qt2dn4t727, Department of Economics, UC Santa Barbara.

    Cited by:

    1. Oechssler, Jörg & Roider, Andreas & Schmitz, Patrick W., 2009. "Cognitive abilities and behavioral biases," Journal of Economic Behavior & Organization, Elsevier, vol. 72(1), pages 147-152, October.
    2. Matthias Sutter, 2008. "Individual behavior and group membership: Comment," Jena Economics Research Papers 2008-075, Friedrich-Schiller-University Jena.
    3. Edi Karni, 2009. "On the Conjunction Fallacy in Probability Judgment: New Experimental Evidence Regarding Linda," Economics Working Paper Archive 552, The Johns Hopkins University,Department of Economics.

  10. Edi Karni, 2007. "Bayesian Decision Theory and the Representation of Beliefs," Levine's Bibliography 321307000000000776, UCLA Department of Economics.

    Cited by:

    1. Edi Karni, 2008. "Agency theory: choice-based foundations of the parametrized distribution formulation," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 36(3), pages 337-351, September.
    2. Aurélien Baillon, 2008. "Eliciting Subjective Probabilities Through Exchangeable Events: An Advantage and a Limitation," Decision Analysis, INFORMS, vol. 5(2), pages 76-87, June.
    3. Sadowski, Philipp, 2008. "Conditional Preference for Flexibility: Eliciting Beliefs from Behavior," MPRA Paper 8614, University Library of Munich, Germany.

  11. Charness, Gary B & Karni, Edi, 2007. "Individual and Group Decision Making Under Risk: An Experimental Study of Bayesian Updating and Violations of First-order Stochastic Dominance," University of California at Santa Barbara, Economics Working Paper Series qt4gr7j8z8, Department of Economics, UC Santa Barbara.

    Cited by:

    1. David Cooper & Krista Saral & Marie Claire Villeval, 2019. "Why Join a Team?," Working Papers halshs-02295921, HAL.
    2. Valeria Faralla & Guido Borà & Alessandro Innocenti & Marco Novarese, 2018. "Promises in Group Decision Making," Labsi Experimental Economics Laboratory University of Siena 051, University of Siena.
    3. Alessia Isopi & Daniele Nosenzo & Chris Starmer, 2014. "Does consultation improve decision-making?," Theory and Decision, Springer, vol. 77(3), pages 377-388, October.
    4. Roman M. Sheremeta & Jingjing Zhang, 2009. "Can Groups Solve the Problem of Over-Bidding in Contests," Working Papers 09-09, Chapman University, Economic Science Institute.
    5. Lohse, Tim & Simon, Sven A., 2021. "Compliance in teams – Implications of joint decisions and shared consequences," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 94(C).
    6. Konstantinos Georgalos, 2016. "Dynamic decision making under ambiguity," Working Papers 112111041, Lancaster University Management School, Economics Department.
    7. Maria Montero & Jesal Sheth, 2019. "Naivety about hidden information: An experimental investigation," Discussion Papers 2019-11, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
    8. Charness, Gary B & Levin, Dan & Karni, Edi, 2008. "On the Conjunction Fallacy in Probability Judgment: New Experimental Evidence," University of California at Santa Barbara, Economics Working Paper Series qt2dn4t727, Department of Economics, UC Santa Barbara.
    9. Elyès Jouini & Clotilde Napp & Diego Nocetti, 2013. "Collective risk aversion," Post-Print halshs-00559137, HAL.
    10. Ahsanuzzaman, & Priyo, Asad Karim Khan & Nuzhat, Kanti Ananta, 2022. "Effects of communication, group selection, and social learning on risk and ambiguity attitudes: Experimental evidence from Bangladesh," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 96(C).
    11. Rau, Holger A., 2015. "The disposition effect in team investment decisions: Experimental evidence," Journal of Banking & Finance, Elsevier, vol. 61(C), pages 272-282.
    12. W. Kip Viscusi & Scott DeAngelis, 2018. "Decision irrationalities involving deadly risks," Journal of Risk and Uncertainty, Springer, vol. 57(3), pages 225-252, December.
    13. Besedes, Tibor & Deck, Cary & Quintanar, Sarah & Sarangi, Sudipta & Shor, Mikhael, 2011. "Free-Riding and Performance in Collaborative and Non-Collaborative Groups," MPRA Paper 33948, University Library of Munich, Germany.
    14. Crosetto, Paolo & Filippin, Antonio & Katuščák, Peter & Smith, John, 2020. "Central tendency bias in belief elicitation," Journal of Economic Psychology, Elsevier, vol. 78(C).
    15. Donata, Bessey, 2020. "Hierarchies and decision-making in groups: Experimental evidence," MPRA Paper 100846, University Library of Munich, Germany.
    16. Spiros Bougheas & Jeroen Nieboerr & Martin Sefton, 2014. "Risk Taking and Information Aggregation in Groups," Discussion Papers 2014-09, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
    17. Brady, Michael P. & Wu, Steven Y., 2010. "The aggregation of preferences in groups: Identity, responsibility, and polarization," Journal of Economic Psychology, Elsevier, vol. 31(6), pages 950-963, December.
    18. Gary Charness & Edi Karni & Dan Levin, 2013. "Ambiguity attitudes and social interactions: An experimental investigation," Journal of Risk and Uncertainty, Springer, vol. 46(1), pages 1-25, February.
    19. Gary Charness & Matthias Sutter, 2012. "Groups Make Better Self-Interested Decisions," Journal of Economic Perspectives, American Economic Association, vol. 26(3), pages 157-176, Summer.
    20. Goodwin, Paul & Önkal, Dilek & Stekler, Herman O., 2018. "What if you are not Bayesian? The consequences for decisions involving risk," European Journal of Operational Research, Elsevier, vol. 266(1), pages 238-246.
    21. Min Gong & Jonathan Baron & Howard Kunreuther, 2009. "Group cooperation under uncertainty," Journal of Risk and Uncertainty, Springer, vol. 39(3), pages 251-270, December.
    22. Tamar Kugler & Edgar E. Kausel & Martin G. Kocher, 2012. "Are Groups more Rational than Individuals? A Review of Interactive Decision Making in Groups," CESifo Working Paper Series 3701, CESifo.
    23. Goodwin, Paul, 2015. "When simple alternatives to Bayes formula work well: Reducing the cognitive load when updating probability forecasts," Journal of Business Research, Elsevier, vol. 68(8), pages 1686-1691.
    24. Azmat, Saad & Kabir Hassan, M. & Ali, Haiqa & Sohel Azad, A.S.M., 2021. "Religiosity, neglected risk and asset returns: Theory and evidence from Islamic finance industry," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 74(C).
    25. Thomas Stöckl & Jürgen Huber & Michael Kirchler & Florian Lindner, 2013. "Hot Hand and Gambler's Fallacy in Teams: Evidence from Investment Experiments," Working Papers 2013-04, Faculty of Economics and Statistics, Universität Innsbruck.
    26. Gantner, Anita & Horn, Kristian & Kerschbamer, Rudolf, 2019. "The role of communication in fair division with subjective claims," Journal of Economic Behavior & Organization, Elsevier, vol. 167(C), pages 72-89.
    27. Trautmann, Stefan T. & Zeckhauser, Richard J., 2013. "Shunning uncertainty: The neglect of learning opportunities," Games and Economic Behavior, Elsevier, vol. 79(C), pages 44-55.
    28. Gary Charness & David Cooper & Zachary Grossman, 2015. "Silence is Golden: Team Problem Solving and Communication Costs," Working Papers wp2018_02_01, Department of Economics, Florida State University, revised Jan 2018.
    29. Arshavskiy V. & Okulov V. & Smirnova A., 2014. "Newsvendor Problem Experiments: Riskiness of the Decisions and Learning by Experience," International Journal of Business and Social Research, LAR Center Press, vol. 4(5), pages 137-150, May.
    30. Haeussler, Carolin & Harhoff, Dietmar & Mueller, Elisabeth, 2014. "How patenting informs VC investors – The case of biotechnology," Research Policy, Elsevier, vol. 43(8), pages 1286-1298.
    31. Keck, Steffen & Diecidue, Enrico & Budescu, David V., 2014. "Group decisions under ambiguity: Convergence to neutrality," Journal of Economic Behavior & Organization, Elsevier, vol. 103(C), pages 60-71.
    32. Matthaei, Eva Kristina & Kiesewetter, Dirk, 2020. "A problem shared is a problem halved? Risky tax avoidance decisions and intra-group payoff conflict," arqus Discussion Papers in Quantitative Tax Research 258, arqus - Arbeitskreis Quantitative Steuerlehre.
    33. Proeger, Till & Meub, Lukas & Bizer, Kilian, 2017. "The role of communication on an experimental market for tradable development rights," Land Use Policy, Elsevier, vol. 68(C), pages 614-624.
    34. Enrica Carbone & Konstantinos Georgalos & Gerardo Infante, 2019. "Individual vs. group decision-making: an experiment on dynamic choice under risk and ambiguity," Theory and Decision, Springer, vol. 87(1), pages 87-122, July.
    35. Matthias Sutter, 2008. "Individual behavior and group membership: Comment," Jena Economics Research Papers 2008-075, Friedrich-Schiller-University Jena.
    36. Alistair Munro, 2018. "Intra†Household Experiments: A Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 32(1), pages 134-175, February.
    37. Antoniou, Constantinos & Harrison, Glenn & Lau, Morten & Read, Daniel, 2015. "Information Characteristics and Errors in Expectations: Experimental Evidence," IZA Discussion Papers 9387, Institute of Labor Economics (IZA).
    38. Paul Feldman & John Rehbeck, 2022. "Revealing a preference for mixtures: An experimental study of risk," Quantitative Economics, Econometric Society, vol. 13(2), pages 761-786, May.
    39. Ibanez, Marcela & Czermak, Simon & Sutter, Matthias, 2008. "Searching for a better deal - on the influence of group decision making, time pressure and gender in a search experiment," Working Papers in Economics 296, University of Gothenburg, Department of Economics.
    40. Rudiger, Jesper, 2013. "Using Other People's Opinions: An Experimental Study," MPRA Paper 51787, University Library of Munich, Germany.
    41. Jingjing Zhang & Marco Casari, 2012. "How Groups Reach Agreement In Risky Choices: An Experiment," Economic Inquiry, Western Economic Association International, vol. 50(2), pages 502-515, April.
    42. Brosig-Koch, Jeannette & Heinrich, Timo & Helbach, Christoph, 2014. "Does truth win when teams reason strategically?," Economics Letters, Elsevier, vol. 123(1), pages 86-89.
    43. Rau, Holger A., 2015. "The disposition effect in team investment decisions: Experimental evidence," University of Göttingen Working Papers in Economics 256, University of Goettingen, Department of Economics.
    44. Stephen Cheung & Stefan Palan, 2012. "Two heads are less bubbly than one: team decision-making in an experimental asset market," Experimental Economics, Springer;Economic Science Association, vol. 15(3), pages 373-397, September.
    45. Cliff C Kerr & Salvador Dura-Bernal & Tomasz G Smolinski & George L Chadderdon & David P Wilson, 2018. "Optimization by Adaptive Stochastic Descent," PLOS ONE, Public Library of Science, vol. 13(3), pages 1-16, March.
    46. Gönül Doğan & Kenan Kalayci & Priscilla Man, 2024. "Pyramid Schemes," Discussion Papers Series 667, School of Economics, University of Queensland, Australia.
    47. Becker, Christoph K. & Melkonyan, Tigran & Proto, Eugenio & Sofianos, Andis & Trautmann, Stefan T., 2020. "Reverse Bayesianism: Revising Beliefs in Light of Unforeseen Events," IZA Discussion Papers 13821, Institute of Labor Economics (IZA).
    48. Frans van Dijk & Joep H. Sonnemans & Ed Bauw, 2012. "Judicial Error by Groups and Individuals," Tinbergen Institute Discussion Papers 12-029/3, Tinbergen Institute.
    49. Seung Kyum Kim & James K. Hammitt, 2022. "Hurricane risk perceptions and housing market responses: the pricing effects of risk-perception factors and hurricane characteristics," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 114(3), pages 3743-3761, December.
    50. Uri Gneezy & Moshe Hoffman & Mark A Lane & John A List & Jeffrey A Livingston & Michael J Seiler, 2023. "Can wishful thinking explain evidence for overconfidence? An experiment on belief updating," Oxford Economic Papers, Oxford University Press, vol. 75(1), pages 35-54.
    51. Aurélien Baillon & Han Bleichrodt & Ning Liu & Peter P. Wakker, 2016. "Group decision rules and group rationality under risk," Journal of Risk and Uncertainty, Springer, vol. 52(2), pages 99-116, April.
    52. Li Hao & Daniel Houser, 2012. "Belief elicitation in the presence of naïve respondents: An experimental study," Journal of Risk and Uncertainty, Springer, vol. 44(2), pages 161-180, April.
    53. McFadden, Brandon R. & Lusk, Jayson L., 2015. "Cognitive biases in the assimilation of scientific information on global warming and genetically modified food," Food Policy, Elsevier, vol. 54(C), pages 35-43.
    54. Yu Wang & Ernan Haruvy, 2013. "Tiers in One-Sided Matching Markets: Theory and Experimental Investigation," Management Science, INFORMS, vol. 59(6), pages 1458-1477, June.
    55. Thomas Kourouxous & Thomas Bauer, 2019. "Violations of dominance in decision-making," Business Research, Springer;German Academic Association for Business Research, vol. 12(1), pages 209-239, April.
    56. Edi Karni, 2009. "On the Conjunction Fallacy in Probability Judgment: New Experimental Evidence Regarding Linda," Economics Working Paper Archive 552, The Johns Hopkins University,Department of Economics.
    57. Onur Sapci, 2021. "The impact of environmental economics class on college students` future temperature expectations," Economics Bulletin, AccessEcon, vol. 41(3), pages 1887-1897.
    58. Giamattei, Marcus & Graf Lambsdorff, Johann, 2015. "classEx: An online software for classroom experiments," Passauer Diskussionspapiere, Volkswirtschaftliche Reihe V-68-15, University of Passau, Faculty of Business and Economics.
    59. Feri, Francesco & Irlenbusch, Bernd & Sutter, Matthias, 2008. "Efficiency Gains from Team-Based Coordination: Large-Scale Experimental Evidence," IZA Discussion Papers 3741, Institute of Labor Economics (IZA).
    60. Christoph Engel & Alexandra Fedorets & Olga Gorelkina, 2018. "How Do Households Allocate Risk?," Working Papers 20186, University of Liverpool, Department of Economics.
    61. Anja Achtziger & Carlos Alós-Ferrer & Alexander Ritschel, 2020. "Cognitive load in economic decisions," ECON - Working Papers 354, Department of Economics - University of Zurich.
    62. Keldenich, Klemens, 2012. "Group Membership and Communication in Modified Dictator Games," Ruhr Economic Papers 322, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    63. Ilke Aydogan & Yu Gao, 2020. "Experience and rationality under risk: re-examining the impact of sampling experience," Experimental Economics, Springer;Economic Science Association, vol. 23(4), pages 1100-1128, December.
    64. Carlos Alós-Ferrer & Alexander Jaudas & Alexander Ritschel, 2021. "Effortful Bayesian updating: A pupil-dilation study," Journal of Risk and Uncertainty, Springer, vol. 63(1), pages 81-102, August.
    65. Fochmann, Martin & Fochmann, Nadja & Kocher, Martin G. & Müller, Nadja, 2021. "Dishonesty and risk-taking: Compliance decisions of individuals and groups," Journal of Economic Behavior & Organization, Elsevier, vol. 185(C), pages 250-286.
    66. Arshavskiy V. & Okulov V. & Smirnova A., 2014. "Newsvendor Problem Experiments: Riskiness of the Decisions and Learning by Experience," International Journal of Business and Social Research, MIR Center for Socio-Economic Research, vol. 4(5), pages 137-150, May.
    67. Guo, Julie & Tymula, Agnieszka, 2021. "Waterfall illusion in risky choice – exposure to outcome-irrelevant gambles affects subsequent valuation of risky gambles," European Economic Review, Elsevier, vol. 139(C).
    68. Paul M. Lohmann & Andreas Kontoleon, 2023. "Do Flood and Heatwave Experiences Shape Climate Opinion? Causal Evidence from Flooding and Heatwaves in England and Wales," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 86(1), pages 263-304, October.
    69. Anastasia Burkovskaya, 2020. "On Machina’s paradoxes and limited attention," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 8(2), pages 231-244, October.
    70. V. I. Yukalov & D. Sornette, 2014. "Manipulating decision making of typical agents," Papers 1409.0636, arXiv.org.
    71. Weber, Richard & Graevenitz, Georg von & Harhoff, Dietmar, 2009. "The Effects of Entrepreneurship Education," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 269, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
    72. Tibor Besedeš & Cary Deck & Sarah Quintanar & Sudipta Sarangi & Mikhail Shor, 2014. "Effort and Performance: What Distinguishes Interacting and Noninteracting Groups from Individuals?," Southern Economic Journal, John Wiley & Sons, vol. 81(2), pages 294-322, October.
    73. Robalo, Pedro & Sayag, Rei, 2018. "Paying is believing: The effect of costly information on Bayesian updating," Journal of Economic Behavior & Organization, Elsevier, vol. 156(C), pages 114-125.
    74. Tomas Miklanek, 2017. "Ego-utility and Endogenous Information Acquisition; An Experimental Study," CERGE-EI Working Papers wp582, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    75. Charness, Gary & Cooper, David & Grossman, Zachary, 2015. "Silence is Golden: Communication Costs and Team Problem Solving," University of California at Santa Barbara, Economics Working Paper Series qt3n25b620, Department of Economics, UC Santa Barbara.
    76. Lahno, Amrei M., 2014. "Social anchor effects in decision-making under ambiguity," Discussion Papers in Economics 20960, University of Munich, Department of Economics.
    77. Jingjing Zhang, 2012. "Communication in asymmetric group competition over public goods," ECON - Working Papers 069, Department of Economics - University of Zurich.
    78. Chunling Luo & Chin Hon Tan, 2020. "Almost Stochastic Dominance for Most Risk-Averse Decision Makers," Decision Analysis, INFORMS, vol. 17(2), pages 169-184, June.
    79. Axel Franzen & Sonja Pointner, 2013. "Giving according to preferences: Decision-making in the group dictator game," University of Bern Social Sciences Working Papers 2, University of Bern, Department of Social Sciences, revised 24 Jan 2014.
    80. Tatyana Deryugina, 2013. "How do people update? The effects of local weather fluctuations on beliefs about global warming," Climatic Change, Springer, vol. 118(2), pages 397-416, May.
    81. Yukalov, V.I. & Yukalova, E.P. & Sornette, D., 2022. "Role of collective information in networks of quantum operating agents," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 598(C).
    82. Daniela Di Cagno & Emanuela Sciubba & Marco Spallone, 2012. "Choosing a gambling partner: testing a model of mutual insurance in the lab," Theory and Decision, Springer, vol. 72(4), pages 537-571, April.
    83. Peterson, Hikaru H. & Bernard, John C. & Fox, John A. (Sean) & Peterson, Jeffrey M., 2013. "Japanese Consumers' Valuation of Rice and Pork from Domestic, U.S., and Other Origins," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 38(1), pages 1-14, April.
    84. Aristidou, Andreas & Coricelli, Giorgio & Vostroknutov, Alexander, 2019. "Incentives or Persuasion? An Experimental Investigation," Research Memorandum 012, Maastricht University, Graduate School of Business and Economics (GSBE).

  12. Edi Karni, 2005. "Subjective Expected Utility Theory without States of the World," Economics Working Paper Archive 523, The Johns Hopkins University,Department of Economics.

    Cited by:

    1. Simon Grant & John Quiggin, 2005. "Learning and Discovery," Risk & Uncertainty Working Papers WP7R05, Risk and Sustainable Management Group, University of Queensland.
    2. Edi Karni, 2008. "Agency theory: choice-based foundations of the parametrized distribution formulation," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 36(3), pages 337-351, September.
    3. Dino Borie, 2016. "Expected Multi-Utility Representations by "Simplex" with Applications," GREDEG Working Papers 2016-10, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    4. Edi Karni, 2011. "A theory of Bayesian decision making with action-dependent subjective probabilities," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 48(1), pages 125-146, September.
    5. Urmee Khan & Martin Dumav, 2018. "Moral Hazard, Uncertain Technologies, and Linear Contracts," Working Papers 201806, University of California at Riverside, Department of Economics.
    6. Urmee Khan & Martin Dumav, 2018. "Moral Hazard with Non-Additive Uncertainty: When are Actions Implementable?," Working Papers 201808, University of California at Riverside, Department of Economics.
    7. Edi Karni, 2005. "A New Approach to Modeling Decision-Making under Uncertainty and Defining Subjective Probabilities," Economics Working Paper Archive 519, The Johns Hopkins University,Department of Economics.
    8. Lawrence Blume & David Easley & Joseph Y. Halpern, 2009. "Constructive Decision Theory," Papers 0906.4316, arXiv.org, revised Jul 2021.
    9. Edi Karni, 2009. "A Theory of Bayesian Decision Making," Economics Working Paper Archive 550, The Johns Hopkins University,Department of Economics.
    10. Edi Karni, 2007. "Bayesian Decision Theory and the Representation of Beliefs," Discussion Paper Series dp444, The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem.
    11. Vassili Vergopoulos, 2011. "Dynamic consistency for non-expected utility preferences," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 48(2), pages 493-518, October.
    12. Pope, Robin, 2006. "Multiple Periods Destroy the Axiomatic Base of Expected Utility Theory and its Standard Generalisations," Bonn Econ Discussion Papers 30/2006, University of Bonn, Bonn Graduate School of Economics (BGSE).
    13. Edi Karni, 2009. "A theory of medical decision making under uncertainty," Journal of Risk and Uncertainty, Springer, vol. 39(1), pages 1-16, August.
    14. Karni, Edi, 2009. "A reformulation of the maxmin expected utility model with application to agency theory," Journal of Mathematical Economics, Elsevier, vol. 45(1-2), pages 97-112, January.
    15. Agastya, Murali & Slinko, Arkadii, 2015. "Dynamic choice in a complex world," Journal of Economic Theory, Elsevier, vol. 158(PA), pages 232-258.
    16. Svetlana Boyarchenko & Sergei Levendorskii, 2005. "Discount factors ex post and ex ante, and discounted utility anomalies," Microeconomics 0510013, University Library of Munich, Germany, revised 13 Dec 2005.
    17. Martin Dumav, 2021. "Moral Hazard, Dynamic Incentives, and Ambiguous Perceptions," Papers 2110.15229, arXiv.org.
    18. Pope, Robin & Leitner, Johannes & Leopold-Wildburger, Ulrike, 2009. "Expected utility versus the changes in knowledge ahead," European Journal of Operational Research, Elsevier, vol. 199(3), pages 892-901, December.

  13. Edi Karni, 2005. "Foundations of Bayesian Theory," Economics Working Paper Archive 524, The Johns Hopkins University,Department of Economics.

    Cited by:

    1. Brian Hill, 2009. "Living without state-independence of utilities," Post-Print hal-00463428, HAL.
    2. Luo, Xiao & Yang, Chih-Chun, 2009. "Bayesian coalitional rationalizability," Journal of Economic Theory, Elsevier, vol. 144(1), pages 248-263, January.
    3. Daniele Pennesi, 2017. "Uncertain discount and hyperbolic preferences," Theory and Decision, Springer, vol. 83(3), pages 315-336, October.
    4. Hamed Hamze Bajgiran & Houman Owhadi, 2021. "Aggregation of Models, Choices, Beliefs, and Preferences," Papers 2111.11630, arXiv.org.
    5. Ralph Keeney & Robert Nau, 2011. "A theorem for Bayesian group decisions," Journal of Risk and Uncertainty, Springer, vol. 43(1), pages 1-17, August.
    6. Thibault Gajdos & Feriel Kandil, 2008. "The ignorant observer," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 31(2), pages 193-232, August.
    7. Eddie Dekel & Barton L. Lipman, 2009. "How (Not) to Do Decision Theory," Levine's Working Paper Archive 814577000000000339, David K. Levine.
    8. Edi Karni, 2007. "Bayesian Decision Theory and the Representation of Beliefs," Discussion Paper Series dp444, The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem.
    9. Alexander M. Jakobsen, 2021. "An Axiomatic Model of Persuasion," Econometrica, Econometric Society, vol. 89(5), pages 2081-2116, September.
    10. Karni, Edi, 2006. "Subjective expected utility theory without states of the world," Journal of Mathematical Economics, Elsevier, vol. 42(3), pages 325-342, June.

  14. Grant, Simon & Karni, Edi, 2003. "Why Does It Matter That Beliefs and Valuations Be Correctly Represented?," Working Papers 2003-02, Rice University, Department of Economics.

    Cited by:

    1. ,, 2013. "Contingent preference for flexibility: eliciting beliefs from behavior," Theoretical Economics, Econometric Society, vol. 8(2), May.
    2. Philipp Sadowski, 2011. "Contingent Preference for Flexibility: Eliciting Beliefs from Behavior," Levine's Working Paper Archive 661465000000001189, David K. Levine.
    3. David Dillenberger & Andrew Postlewaite & Kareen Rozen, 2011. "Optimism and Pessimism with Expected Utility, Third Version," PIER Working Paper Archive 13-001, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 26 Dec 2012.
    4. Marie-Louise Viero, 2006. "Contracting In Vague Environments," Working Paper 1106, Economics Department, Queen's University.
    5. David Dillenberger & Andrew Postlewaite & Kareen Rozen, 2013. "Optimism and Pessimism with Expected Utility, Fifth Version," PIER Working Paper Archive 15-009, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 23 Feb 2015.
    6. David Dillenberger & Andrew Postlewaite & Kareen Rozen, 2012. "Optimism and Pessimism with Expected Utility," Levine's Working Paper Archive 786969000000000353, David K. Levine.
    7. Sadowski, Philipp, 2008. "Conditional Preference for Flexibility: Eliciting Beliefs from Behavior," MPRA Paper 8614, University Library of Munich, Germany.
    8. David Dillenberger & Andrew Postlewaite & Kareen Rozen, 2011. "Optimism and Pessimism with Expected Utility, Fourth Version," PIER Working Paper Archive 13-068, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 01 Nov 2013.
    9. David Dillenberger & Andrew Postlewaite & Kareen Rozen, 2011. "Optimism and Pessimism with Expected Utility, Second Version," PIER Working Paper Archive 12-031, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 10 Aug 2012.

  15. Barry Sopher & Edi Karni & Tim Salmon, 2001. "Individual Sense of Fairness: An Experimental Study," Departmental Working Papers 200107, Rutgers University, Department of Economics.

    Cited by:

    1. Urs Fischbacher & Simeon Schudy, 2020. "Agenda Control And Reciprocity In Sequential Voting Decisions," Economic Inquiry, Western Economic Association International, vol. 58(4), pages 1813-1829, October.
    2. Hongyu Guan & Xianchen Zhu & Ping Zhang, 2016. "Rule-Inequality-Aversion Preference and Conditional Cooperation in Public Goods Experiments: Economic Experiment Evidence from China," Group Decision and Negotiation, Springer, vol. 25(4), pages 799-825, July.
    3. Kircher, Philipp & Sandroni, Alvaro & Ludwig, Sandra, 2009. "Fairness: A Critique to the Utilitarian Approach," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 288, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
    4. Heufer, Jan, 2013. "Quasiconcave preferences on the probability simplex: A nonparametric analysis," Mathematical Social Sciences, Elsevier, vol. 65(1), pages 21-30.
    5. Werner Güth & M. Vittoria Levati & Matteo Ploner, 2010. "Does procedural fairness crowd out other-regarding concerns? A bidding experiment," Jena Economics Research Papers 2010-073, Friedrich-Schiller-University Jena.
    6. Kurtis Swope & John Cadigan & Pamela Schmitt & Robert Shupp, 2008. "Social Position and Distributive Justice: Experimental Evidence," Southern Economic Journal, John Wiley & Sons, vol. 74(3), pages 811-818, January.
    7. Giuseppe Attanasi & Kene Boun My & Marco Buso & Anne Stenger, 2016. "Private investment with social benefits under uncertainty: the dark side of public financing," Working Papers of BETA 2016-12, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    8. Adam, Marc T.P. & Kroll, Eike B. & Teubner, Timm, 2014. "A note on coupled lotteries," Economics Letters, Elsevier, vol. 124(1), pages 96-99.
    9. Hill, Sarah A. & Neilson, William, 2007. "Inequality aversion and diminishing sensitivity," Journal of Economic Psychology, Elsevier, vol. 28(2), pages 143-153, April.
    10. Michal Krawczyk & Fabrice Le Lec, 2010. "‘Give me a chance!’ An experiment in social decision under risk," Experimental Economics, Springer;Economic Science Association, vol. 13(4), pages 500-511, December.
    11. Gianluca Grimalda & Anirban Kar & Eugenio Proto, 2012. "Everyone Wants a Chance: Initial Positions and Fairness in Ultimatum Games," Working Papers 2012/21, Economics Department, Universitat Jaume I, Castellón (Spain).
    12. Grimalda, Gianluca & Farina, Francesco & Schmidt, Ulrich, 2018. "Preferences for redistribution in the US, Italy, Norway: An experiment study," Kiel Working Papers 2099, Kiel Institute for the World Economy (IfW Kiel).
    13. Ingrid Rohde & Kirsten Rohde, 2011. "Risk attitudes in a social context," Journal of Risk and Uncertainty, Springer, vol. 43(3), pages 205-225, December.
    14. Nicola Frignani & Giovanni Ponti, 2011. "Social vs. risk preferences under the veil of ignorance," Working Papers. Serie AD 2011-07, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    15. Alice Becker & Luis M. Miller, 2009. "Promoting Justice by Treating People Unequally: An Experimental Study," Jena Economics Research Papers 2009-008, Friedrich-Schiller-University Jena.
    16. Ahrens, Steffen & Snower, Dennis J., 2014. "Envy, guilt, and the Phillips curve," Journal of Economic Behavior & Organization, Elsevier, vol. 99(C), pages 69-84.
    17. Weitzel, Utz & Urbig, Diemo & Desai, Sameeksha & Sanders, Mark & Acs, Zoltan, 2010. "The good, the bad, and the talented: Entrepreneurial talent and selfish behavior," Journal of Economic Behavior & Organization, Elsevier, vol. 76(1), pages 64-81, October.
    18. Chlass, Nadine & Güth, Werner & Miettinen, Topi, 2009. "Purely Procedural Preferences - Beyond Procedural Equity and Reciprocity," SITE Working Paper Series 3, Stockholm School of Economics, Stockholm Institute of Transition Economics, revised 21 Oct 2014.
    19. Kota SAITO, 2012. "Social Preferences under Uncertainty: Equality of Opportunity vs. Equality of Outcome," Levine's Working Paper Archive 786969000000000396, David K. Levine.
    20. Luini, Luigi & Sabbatini, Pierluigi, 2012. "Demand cross elasticity without substitutability: An experiment," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 41(2), pages 255-265.
    21. Alcocer, Christian Diego & Jeitschko, Thomas D. & Shupp, Robert, 2020. "Naive and sophisticated mixing: Experimental evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 170(C), pages 157-173.
    22. Paul Feldman & John Rehbeck, 2022. "Revealing a preference for mixtures: An experimental study of risk," Quantitative Economics, Econometric Society, vol. 13(2), pages 761-786, May.
    23. Rasoul Ramezanian & Mehdi Feizi, 2021. "Ex-post favoring ranks: a fairness notion for the random assignment problem," Review of Economic Design, Springer;Society for Economic Design, vol. 25(3), pages 157-176, September.
    24. Gianluca Grimalda & Anirban Kar & Eugenio Proto, 2016. "Procedural fairness in lotteries assigning initial roles in a dynamic setting," Experimental Economics, Springer;Economic Science Association, vol. 19(4), pages 819-841, December.
    25. Staněk, Rostislav & Krčál, Ondřej & Čellárová, Katarína, 2022. "Pull yourself up by your bootstraps: Identifying procedural preferences against helping others in the presence of moral hazard," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 98(C).
    26. Francesco Bogliacino & Laura Jiménez & Gianluca Grimalda, 2015. "Consultative, Democracy and Trust," Documentos de Trabajo, Escuela de Economía 12696, Universidad Nacional de Colombia, FCE, CID.
    27. Drichoutis, Andreas & Nayga, Rodolfo & Klonaris, Stathis, 2010. "The Effects of Induced Mood on Preference Reversals and Bidding Behavior in Experimental Auction Valuation," MPRA Paper 25597, University Library of Munich, Germany.
    28. Andreas C. Drichoutis & Rodolfo M. Nayga Jr. & Stathis Klonaris, 2014. "Decision-making in Home-grown Value Auctions under Induced Mood States," Studies in Microeconomics, , vol. 2(2), pages 141-163, December.
    29. Qiyan Ong & Jianying Qiu, 2023. "Paying for randomization and indecisiveness," Journal of Risk and Uncertainty, Springer, vol. 67(1), pages 45-72, August.
    30. Thomas Kourouxous & Thomas Bauer, 2019. "Violations of dominance in decision-making," Business Research, Springer;German Academic Association for Business Research, vol. 12(1), pages 209-239, April.
    31. Ernesto Mesa-Vázquez & Ismael Rodriguez-Lara & Amparo Urbano, 2019. "Standard vs random dictator games. The effect of role uncertainty on generosity," ThE Papers 20/05, Department of Economic Theory and Economic History of the University of Granada..
    32. Mehmet S. Ismail & Ronald Peeters, 2023. "Social preferences and expected utility," Papers 2312.06048, arXiv.org.
    33. Gagnon, Nickolas & Bosmans, Kristof & Riedl, Arno, 2020. "The Effect of Unfair Chances and Gender Discrimination on Labor Supply," IZA Discussion Papers 12912, Institute of Labor Economics (IZA).
    34. Dirk Engelmann & Martin Strobel, 2007. "Preferences over Income Distributions," Public Finance Review, , vol. 35(2), pages 285-310, March.
    35. Krawczyk, Michal, 2010. "A glimpse through the veil of ignorance: Equality of opportunity and support for redistribution," Journal of Public Economics, Elsevier, vol. 94(1-2), pages 131-141, February.
    36. Michal Krawczyk, 2011. "A model of procedural and distributive fairness," Theory and Decision, Springer, vol. 70(1), pages 111-128, January.
    37. Bogliacino, Francesco & Jiménez Lozano, Laura & Grimalda, Gianluca, 2018. "Consultative democracy and trust11We thank Vanessa Carrillo, Jairo Paéz and Daniel Reyes for their help during the experiments. A special thanks to Franci Beltrán, Jairo Paéz and Alfonso Peña for prov," Structural Change and Economic Dynamics, Elsevier, vol. 44(C), pages 55-67.
    38. Bogliacino, Francesco & Grimalda, Gianluca & Jimenez, Laura, 2017. "Consultative Democracy & Trust," MPRA Paper 82138, University Library of Munich, Germany.
    39. Ernesto Mesa-Vazquez & Ismael Rodriguez-Lara & Amparo Urbano, 2021. "Standard vs random dictator games: On the effects of role uncertainty and framing on generosity," Working Papers 21-17, Chapman University, Economic Science Institute.
    40. Kota Saito, 2010. "Preference for Randomization - Ambiguity Aversion and Inequality Aversion," Levine's Working Paper Archive 661465000000000094, David K. Levine.
    41. Bin Miao & Songfa Zhong, 2018. "Probabilistic social preference: how Machina’s Mom randomizes her choice," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 65(1), pages 1-24, January.
    42. Hyejin Ku & Timothy C. Salmon, 2012. "The Incentive Effects of Inequality: An Experimental Investigation," Southern Economic Journal, John Wiley & Sons, vol. 79(1), pages 46-70, July.
    43. Tai-Sen He, 2020. "The framing effect of tax–transfer systems," Journal of the Economic Science Association, Springer;Economic Science Association, vol. 6(2), pages 213-225, December.

  16. Karni, Edi, 1999. "Optimal unemployment insurance : a guide to the literature," Social Protection Discussion Papers and Notes 20121, The World Bank.

    Cited by:

    1. David Robalino & Michael Weber, 2013. "Designing and implementing unemployment benefit systems in middle and low income countries: beyond risk-pooling vs savings," IZA Journal of Labor Policy, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 2(1), pages 1-20, December.
    2. Al-Zufairy, Abdul Wahhab Mohamed, 2003. "Unemployment In The Gulf Countries: Reasons And Remedies," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 3(3).
    3. Agenor,Pierre-Richard, 2003. "The mini-integrated macroeconomic model for poverty analysis : a framework for analyzing the unemployment and poverty effects of fiscal and labor market reforms," Policy Research Working Paper Series 3067, The World Bank.
    4. Hicks, Norman & Wodon, Quentin, 2001. "Social protection for the poor in Latin America," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
    5. Eric Levin & Robert Wright, 2001. "Unemployment insurance, moral hazard, and economic growth," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 7(4), pages 373-384, November.

  17. Karni, E. & Zilcha, I., 1998. "Saving Behaviour in Stationary Equilibrium with Random Discounting," Papers 29-98, Tel Aviv.

    Cited by:

    1. Youichiro Higashi & Kazuya Hyogo & Norio Takeoka & Hiroyuki Tanaka, 2017. "Comparative impatience under random discounting," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 63(3), pages 621-651, March.
    2. Higashi, Youichiro & Hyogo, Kazuya & Takeoka, Norio, 2009. "Subjective random discounting and intertemporal choice," Journal of Economic Theory, Elsevier, vol. 144(3), pages 1015-1053, May.
    3. Daniele Pennesi, 2017. "Uncertain discount and hyperbolic preferences," Theory and Decision, Springer, vol. 83(3), pages 315-336, October.
    4. John Stachurski & Junnan Zhang, 2019. "Dynamic Programming with State-Dependent Discounting," Papers 1908.08800, arXiv.org, revised Oct 2020.

  18. E. Karni & Ph. Mongin, 1997. "On the determination of subjective probability by choices," THEMA Working Papers 97-37, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.

    Cited by:

    1. Simon Grant & Edi Karni, 2005. "Why Does It Matter That Beliefs And Valuations Be Correctly Represented?," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 46(3), pages 917-934, August.
    2. Brian Hill, 2009. "Living without state-independence of utilities," Post-Print hal-00463428, HAL.
    3. Peter J. Hammond, 2013. "Extending the Original Position: Revisiting the Pattanaik Critique of Vickrey/Harsanyi Utilitarianism," Global COE Hi-Stat Discussion Paper Series gd12-298, Institute of Economic Research, Hitotsubashi University.
    4. Philippe Mongin, 2011. "La théorie de la décision et la psychologie du sens commun," Working Papers hal-00579359, HAL.
    5. Hill, Brian, 2010. "An additively separable representation in the Savage framework," Journal of Economic Theory, Elsevier, vol. 145(5), pages 2044-2054, September.
    6. Hill, Brian, 2007. "Three analyses of sour grapes," HEC Research Papers Series 873, HEC Paris.
    7. Blume, Lawrence E. & Cogley, Timothy & Easley, David A. & Sargent, Thomas J. & Tsyrennikov, Viktor, 2015. "A Case for Incomplete Markets," Economics Series 313, Institute for Advanced Studies.
    8. DREZE , Jacques H. & RUSTICHINI, Aldo, 2000. "State-dependent utility and decision theory," LIDAM Discussion Papers CORE 2000007, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    9. Robert Nau, 2001. "De Finetti was Right: Probability Does Not Exist," Theory and Decision, Springer, vol. 51(2), pages 89-124, December.
    10. Giocoli, Nicola, 2011. "From Wald to Savage: homo economicus becomes a Bayesian statistician," MPRA Paper 34117, University Library of Munich, Germany.
    11. Edi Karni, 2005. "Foundations of Bayesian Theory," Economics Working Paper Archive 524, The Johns Hopkins University,Department of Economics.
    12. Jean Baccelli & Marcus Pivato, 2021. "Philippe Mongin (1950–2020)," Post-Print hal-03797424, HAL.
    13. Stéphane Luchini, 2002. "De la singularité de la méthode d'évaluation contingente," Économie et Statistique, Programme National Persée, vol. 357(1), pages 141-152.
    14. Robert F. Nau, 2003. "A Generalization of Pratt-Arrow Measure to Nonexpected-Utility Preferences and Inseparable Probability and Utility," Management Science, INFORMS, vol. 49(8), pages 1089-1104, August.
    15. Brian Hill, 2007. "When is there state independence?," Working Papers hal-00582662, HAL.
    16. Helena Gaspars-Wieloch, 2018. "The Impact of the Structure of the Payoff Matrix on the Final Decision made Under Uncertainty," Asia-Pacific Journal of Operational Research (APJOR), World Scientific Publishing Co. Pte. Ltd., vol. 35(01), pages 1-27, February.
    17. Edi Karni & David Schmeidler, 2016. "An expected utility theory for state-dependent preferences," Theory and Decision, Springer, vol. 81(4), pages 467-478, November.
    18. Robert F. Nau, 2006. "Uncertainty Aversion with Second-Order Utilities and Probabilities," Management Science, INFORMS, vol. 52(1), pages 136-145, January.
    19. Sadowski, Philipp, 2008. "Conditional Preference for Flexibility: Eliciting Beliefs from Behavior," MPRA Paper 8614, University Library of Munich, Germany.
    20. Peter P. Wakker & Sylvia J. T. Jansen & Anne M. Stiggelbout, 2004. "Anchor Levels as a New Tool for the Theory and Measurement of Multiattribute Utility," Decision Analysis, INFORMS, vol. 1(4), pages 217-234, December.
    21. Grant, Simon & Karni, Edi, 2004. "A theory of quantifiable beliefs," Journal of Mathematical Economics, Elsevier, vol. 40(5), pages 515-546, August.

  19. Karni, Edi & Zilcha, Itzhak, 1993. "Technological Progress and Income Inequality: A Model with Human Capital and Bequest," Foerder Institute for Economic Research Working Papers 275576, Tel-Aviv University > Foerder Institute for Economic Research.

    Cited by:

    1. Jean-Marie Viaene & Itzhak Zilcha, 2001. "Human Capital Formation, Income Inequality and Growth," Tinbergen Institute Discussion Papers 01-104/2, Tinbergen Institute.

  20. Karni, Edi & Schmeidler, David, 1991. "On the Uniqueness of Subjective Probabilities," Foerder Institute for Economic Research Working Papers 275552, Tel-Aviv University > Foerder Institute for Economic Research.

    Cited by:

    1. Simon Grant & Edi Karni, 2005. "Why Does It Matter That Beliefs And Valuations Be Correctly Represented?," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 46(3), pages 917-934, August.
    2. Brian Hill, 2009. "Living without state-independence of utilities," Post-Print hal-00463428, HAL.
    3. Edi Karni & Philippe Mongin, 2000. "On the Determination of Subjective Probability by Choices," Management Science, INFORMS, vol. 46(2), pages 233-248, February.
    4. Hill, Brian, 2010. "An additively separable representation in the Savage framework," Journal of Economic Theory, Elsevier, vol. 145(5), pages 2044-2054, September.
    5. Edi Karni, 2008. "Agency theory: choice-based foundations of the parametrized distribution formulation," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 36(3), pages 337-351, September.
    6. Alain Chateauneuf & Michèle Cohen & Jean-Yves Jaffray, 2008. "Decision under Uncertainty: the Classical Models," Post-Print halshs-00348818, HAL.
    7. Christian Gollier, 2007. "Whom should we believe? Aggregation of heterogeneous beliefs," Journal of Risk and Uncertainty, Springer, vol. 35(2), pages 107-127, October.
    8. Edi Karni, 2005. "Foundations of Bayesian Theory," Economics Working Paper Archive 524, The Johns Hopkins University,Department of Economics.
    9. Edi Karni, 2009. "A Theory of Bayesian Decision Making," Economics Working Paper Archive 550, The Johns Hopkins University,Department of Economics.
    10. Edi Karni, 2007. "Bayesian Decision Theory and the Representation of Beliefs," Discussion Paper Series dp444, The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem.
    11. MONGIN, Philippe, 1996. "The Paradox of the Bayesian Experts and State-Dependent Utility Theory," LIDAM Discussion Papers CORE 1996026, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    12. Brian Hill, 2007. "When is there state independence?," Working Papers hal-00582662, HAL.
    13. Peter P. Wakker & Sylvia J. T. Jansen & Anne M. Stiggelbout, 2004. "Anchor Levels as a New Tool for the Theory and Measurement of Multiattribute Utility," Decision Analysis, INFORMS, vol. 1(4), pages 217-234, December.
    14. Chollete, Lor & Schmeidler, David, 2014. "Misspecification Aversion and Selection of Initial Priors," UiS Working Papers in Economics and Finance 2014/13, University of Stavanger.

  21. Schmeidler, D. & Karni, E., 1990. "A Temporal Dynamic Consistency And Expected Utility Theory," Papers 39-90, Tel Aviv.

    Cited by:

    1. Edward SchleeE, 1997. "The sure thing principle and the value of information," Theory and Decision, Springer, vol. 42(1), pages 21-36, January.
    2. Neilson, William S, 1998. "Reference Wealth Effects in Sequential Choice," Journal of Risk and Uncertainty, Springer, vol. 17(1), pages 27-47, October.
    3. John D. Hey & Luca Panaccione, 2018. "Dynamic decision making: what do people do?," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 10, pages 235-273, World Scientific Publishing Co. Pte. Ltd..
    4. Rawley Heimer & Zwetelina Iliewa & Alex Imax & Martin Weber, 2021. "Dynamic Inconsistency in Risky Choice: Evidence from the Lab and Field," ECONtribute Discussion Papers Series 094, University of Bonn and University of Cologne, Germany.
    5. André Lapied & Pascal Toquebeuf, 2009. "Consistent dynamic choice and non-expected utility preferences," Working Papers hal-00416214, HAL.
    6. Gebhard Geiger, 2020. "Conditional non-expected utility preferences induced by mixture of lotteries: a note on the normative invalidity of expected utility theory," Annals of Operations Research, Springer, vol. 289(2), pages 431-448, June.
    7. Robert Kast & André Lapied, 2008. "Valuing future cash flows with non separable discount factors and non additive subjective measures: Conditional Choquet Capacities on Time and on Uncertainty," Working Papers 08-09, LAMETA, Universtiy of Montpellier, revised Jun 2008.
    8. Antoine Bommier & Stéphane Zuber, 2012. "The Pareto Principle Of Optimal Inequality," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 53(2), pages 593-608, May.
    9. Dominiak, Adam & Duersch, Peter & Lefort, Jean-Philippe, 2012. "A dynamic Ellsberg urn experiment," Games and Economic Behavior, Elsevier, vol. 75(2), pages 625-638.
    10. Robert Kast & André Lapied, 2007. "Dynamically Consistent Conditional Choquet Capacities," ICER Working Papers - Applied Mathematics Series 20-2007, ICER - International Centre for Economic Research.
    11. Daniel J. Benjamin & Mark Alan Fontana & Miles S. Kimball, 2020. "Reconsidering Risk Aversion," NBER Working Papers 28007, National Bureau of Economic Research, Inc.
    12. Christian Koboldt, 1996. "Consistent planning, backwards induction, and rule-governed behavior," Constitutional Political Economy, Springer, vol. 7(1), pages 35-48, March.
    13. Faro, José Heleno & Lefort, Jean-Philippe, 2019. "Dynamic objective and subjective rationality," Theoretical Economics, Econometric Society, vol. 14(1), January.
    14. Grant, S. & Polak, B. & Kajii, A., 1996. "Preference for Information," Papers 298, Australian National University - Department of Economics.
    15. Simon Grant & Atsushi Kajii & Ben Polak, 1999. "Preference for Information and Dynamic Consistency," Cowles Foundation Discussion Papers 1208, Cowles Foundation for Research in Economics, Yale University.
    16. Nathalie Etchart-Vincent, 2005. "Adequate Moods for Non-EU Decision Making in a Sequential Framework," CIRED Working Papers halshs-00004832, HAL.
    17. A. Nebout & D. Dubois, 2014. "When Allais meets Ulysses: Dynamic axioms and the common ratio effect," Journal of Risk and Uncertainty, Springer, vol. 48(1), pages 19-49, February.
    18. Yoram Halevy, 2008. "Strotz Meets Allais: Diminishing Impatience and the Certainty Effect," American Economic Review, American Economic Association, vol. 98(3), pages 1145-1162, June.
    19. Nathalie Etchart-Vincent, 2002. "Adequate Moods for non-EU Decision Making in a Sequential Framework," Post-Print halshs-00004830, HAL.
    20. Robert Kast & André Lapied & Pascal Toquebeuf, 2008. "Updating Choquet Integrals , Consequentialism and Dynamic Consistency," ICER Working Papers - Applied Mathematics Series 04-2008, ICER - International Centre for Economic Research.
    21. André Lapied & Robert Kast, 2009. "Updating Choquet valuation and discounting information arrivals," Working Papers halshs-00410532, HAL.
    22. Karni, Edi & Safra, Zvi, 2022. "Hybrid decision model and the ranking of experiments," Journal of Mathematical Economics, Elsevier, vol. 101(C).
    23. Peter Klibanoff & Massimo Marinacci & Sujoy Mukerji, 2006. "Recursive Smooth Ambiguity Preferences," Carlo Alberto Notebooks 17, Collegio Carlo Alberto, revised 2008.
    24. Marciano Siniscalchi, 2006. "Dynamic Choice Under Ambiguity," Discussion Papers 1430, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    25. Kast, Robert & Lapied, André & Roubaud, David, 2014. "Modelling under ambiguity with dynamically consistent Choquet random walks and Choquet–Brownian motions," Economic Modelling, Elsevier, vol. 38(C), pages 495-503.
    26. John Hey & Massimo Paradiso., "undated". "Dynamic Choice and Timing-Independence: an experimental investigation," Discussion Papers 99/26, Department of Economics, University of York.
    27. Antoine Nebout & Marc Willinger, 2014. "Are Non-Expected Utility individuals really Dynamically Inconsistent? Experimental Evidence," Working Papers 14-08, LAMETA, Universtiy of Montpellier, revised Jul 2014.
    28. A. Nebout, 2014. "Sequential decision making without independence: a new conceptual approach," Theory and Decision, Springer, vol. 77(1), pages 85-110, June.
    29. Robert Kast, 2011. "Managing financial risks due to natural catastrophes," Working Papers hal-00610241, HAL.
    30. Sanghoon K Lee, 2015. "Disability Risk and Hyperbolic Discounting," Economics Bulletin, AccessEcon, vol. 35(1), pages 371-380.
    31. Karni, Edi & Maccheroni, Fabio & Marinacci, Massimo, 2015. "Ambiguity and Nonexpected Utility," Handbook of Game Theory with Economic Applications,, Elsevier.
    32. Craig S. Webb, 2023. "Dynamic Preference Foundations of Expected Exponentially-Discounted Utility," Economics Discussion Paper Series 2303, Economics, The University of Manchester.
    33. Hagen Lindstädt, 2004. "Entscheidungskalküle jenseits des subjektiven Erwartungsnutzens," Schmalenbach Journal of Business Research, Springer, vol. 56(6), pages 495-519, September.
    34. Antoine Nebout & Dimitri Dubois, 2009. "When Allais meets Ulysses: Dynamic Consistency and the Certainty Effect," Working Papers 09-30, LAMETA, Universtiy of Montpellier, revised Sep 2012.
    35. Stefan Trautmann & Peter P. Wakker, 2018. "Making the Anscombe-Aumann approach to ambiguity suitable for descriptive applications," Journal of Risk and Uncertainty, Springer, vol. 56(1), pages 83-116, February.
    36. Nathalie Etchart-Vincent, 2005. "Adequate Moods for Non-EU Decision Making in a Sequential Framework," Working Papers halshs-00004832, HAL.

  22. Karni, Edi & Schmeidler, David, 1990. "Utility Theory and Uncertainty," Foerder Institute for Economic Research Working Papers 275480, Tel-Aviv University > Foerder Institute for Economic Research.

    Cited by:

    1. Junyi Chai & Zhiquan Weng & Wenbin Liu, 2021. "Behavioral Decision Making in Normative and Descriptive Views: A Critical Review of Literature," JRFM, MDPI, vol. 14(10), pages 1-14, October.
    2. Alejandro Esteller-Moré & Montserrat Eres-García, 2002. "A Note on Consistent Players’ Valuation," Journal of Sports Economics, , vol. 3(4), pages 354-360, November.
    3. Umberto Cherubini, 1997. "Fuzzy measures and asset prices: accounting for information ambiguity," Applied Mathematical Finance, Taylor & Francis Journals, vol. 4(3), pages 135-149.
    4. Bernasconi, Michele, 1998. "Tax evasion and orders of risk aversion," Journal of Public Economics, Elsevier, vol. 67(1), pages 123-134, January.
    5. Andrea Albarea & Michele Bernasconi & Anna Marenzi & Dino Rizzi, 2023. "Tax Evasion, Behavioral Microsimulation Models and Flat-Rate Tax Reforms: Analysis for Italy," Public Finance Review, , vol. 51(2), pages 262-310, March.
    6. Werner Güth, 2006. "Satisficing in Portfolio Selection - Theoretical Aspects and Experimental Tests," Papers on Strategic Interaction 2006-16, Max Planck Institute of Economics, Strategic Interaction Group.
    7. Alejandro Esteller-More, 2004. "Tax Evasion in Interrelated Taxes," Public Economics 0401001, University Library of Munich, Germany.
    8. Hart, S. & Modica, S. & Schmeidler, D., 1990. "A Neo Bayesian Foundation Of The Maxmin Value For Two- Person Zero-Sum Games," Papers 38-90, Tel Aviv.
    9. Alejandro Esteller, 2004. "Tax Evasion in Interrelated Taxes," Working Papers 2004/2, Institut d'Economia de Barcelona (IEB).
    10. Costis Skiadas, 1991. "Conditioning and Aggregation of Preferences," Discussion Papers 1010, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    11. Johannes Schwarze, 1994. "Subjective Measures of Economic Well-Being and the Influence of Income Uncertainty," Discussion Papers of DIW Berlin 94, DIW Berlin, German Institute for Economic Research.
    12. Skiadas, Costis, 1997. "Subjective Probability under Additive Aggregation of Conditional Preferences," Journal of Economic Theory, Elsevier, vol. 76(2), pages 242-271, October.

  23. Karni, Edi & Safra, Zvi, 1988. "Behaviorally Consistent Optimal Stopping Rules," Foerder Institute for Economic Research Working Papers 295194, Tel-Aviv University > Foerder Institute for Economic Research.

    Cited by:

    1. Simon Grant & John Quiggin, 2005. "Learning and Discovery," Risk & Uncertainty Working Papers WP7R05, Risk and Sustainable Management Group, University of Queensland.
    2. Markus Dertwinkel-Kalt & Jonas Frey, 2020. "Optimal Stopping in a Dynamic Salience Model," CESifo Working Paper Series 8496, CESifo.
    3. Alexander Ludwig & Alexander Zimper, 2012. "A decision-theoretic model of asset-price underreaction and overreaction to dividend news," Working Papers 201223, University of Pretoria, Department of Economics.
    4. Hill, Brian, 2020. "Dynamic consistency and ambiguity: A reappraisal," Games and Economic Behavior, Elsevier, vol. 120(C), pages 289-310.
    5. Bleichrodt, Han & Eichberger, Jürgen & Grant, Simon & Kelsey, David & Li, Chen, 2021. "Testing dynamic consistency and consequentialism under ambiguity," European Economic Review, Elsevier, vol. 134(C).
    6. Maria J. Ruiz Martos, 2017. "Individual Dynamic Choice Behaviour and the Common Consequence Effect," ThE Papers 17/01, Department of Economic Theory and Economic History of the University of Granada..
    7. Nathalie Etchart-Vincent, 2005. "Adequate Moods for Non-EU Decision Making in a Sequential Framework," CIRED Working Papers halshs-00004832, HAL.
    8. A. Nebout & D. Dubois, 2014. "When Allais meets Ulysses: Dynamic axioms and the common ratio effect," Journal of Risk and Uncertainty, Springer, vol. 48(1), pages 19-49, February.
    9. Ani Guerdjikova & Alexander Zimper, 2008. "Flexibility of choice versus reduction of ambiguity," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 30(3), pages 507-526, April.
    10. Nathalie Etchart-Vincent, 2002. "Adequate Moods for non-EU Decision Making in a Sequential Framework," Post-Print halshs-00004830, HAL.
    11. Alexander Ludwig & Alexander Zimper, 2004. "Investment Behavior under Ambiguity: The Case of Pessimistic Decision Makers," MEA discussion paper series 04060, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
    12. Marciano Siniscalchi, 2006. "Dynamic Choice Under Ambiguity," Discussion Papers 1430, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    13. John Hey & Massimo Paradiso., "undated". "Dynamic Choice and Timing-Independence: an experimental investigation," Discussion Papers 99/26, Department of Economics, University of York.
    14. Vicky Henderson & David Hobson & Matthew Zeng, 2023. "Cautious stochastic choice, optimal stopping and deliberate randomization," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 75(3), pages 887-922, April.
    15. A. Nebout, 2014. "Sequential decision making without independence: a new conceptual approach," Theory and Decision, Springer, vol. 77(1), pages 85-110, June.
    16. Maria J. Ruiz Martos, 2018. "Sequential Common Consequence Effect and Incentives," ThE Papers 18/04, Department of Economic Theory and Economic History of the University of Granada..
    17. Nathalie Etchart-Vincent, 2005. "Adequate Moods for Non-EU Decision Making in a Sequential Framework," Working Papers halshs-00004832, HAL.

  24. Karni, E. & Safra, Z., 1988. "Rank-Dependent Probabilities," Papers 11-88, Tel Aviv.

    Cited by:

    1. Nuno Garoupa, 1998. "Crime and punishment: Further results," Economics Working Papers 344, Department of Economics and Business, Universitat Pompeu Fabra.
    2. Uzi Segal, 1986. "Some Remarks on Quiggin's Anticipated Utility," UCLA Economics Working Papers 392, UCLA Department of Economics.
    3. Uzi Segal, 1986. "Stochastic Dominance for Two-Stage Lotteries," UCLA Economics Working Papers 416, UCLA Department of Economics.
    4. , & , & ,, 2006. "Optimal auctions with ambiguity," Theoretical Economics, Econometric Society, vol. 1(4), pages 411-438, December.
    5. Alaoui, Larbi, 2008. "The value of useless information," MPRA Paper 11411, University Library of Munich, Germany.
    6. Piron, Robert & Smith, L. Ray, 1995. "Testing risklove in an experimental racetrack," Journal of Economic Behavior & Organization, Elsevier, vol. 27(3), pages 465-474, August.
    7. Langlais, Eric, 2009. "les criminels aiment-ils le risque ? [Are criminals risk-seeking individulas ?]," MPRA Paper 14892, University Library of Munich, Germany.
    8. Treich, Nicolas, 2010. "The value of a statistical life under ambiguity aversion," Journal of Environmental Economics and Management, Elsevier, vol. 59(1), pages 15-26, January.
    9. Zvi Safra & Uzi Segal, 2008. "Calibration Results for Non-Expected Utility Theories," Econometrica, Econometric Society, vol. 76(5), pages 1143-1166, September.
    10. Mohammed Abdellaoui & Horst Zank, 2023. "Source and rank-dependent utility," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 75(4), pages 949-981, May.
    11. Chaim Fershtman & Zvi Safra & Daniel Vincent, 1990. "Delayed Agreements and Non-Expected Utility," Discussion Papers 867, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    12. Demers, Fanny S. & Demers, Michel, 1994. "Prudence, demand uncertainty background risk and the law of supply : anonexpected utility approach to the firm," CEPREMAP Working Papers (Couverture Orange) 9425, CEPREMAP.
    13. Maier, Johannes & Rüger, Maximilian, 2010. "Measuring Risk Aversion Model-Independently," Discussion Papers in Economics 11873, University of Munich, Department of Economics.
    14. Philip R. P. Coelho & James E. McClure, 1996. "Social context and the utility of wealth: Addressing the Markowitz challenge," Working Papers 199602, Ball State University, Department of Economics, revised Jan 1998.
    15. Zvi Safra & Uzi Segal, 2005. "Are Universal Preferences Possible? Calibration Results for Non-Expected Utility Theories," Boston College Working Papers in Economics 633, Boston College Department of Economics.
    16. Charles-Cadogan, G., 2021. "Incoherent Preferences," CRETA Online Discussion Paper Series 69, Centre for Research in Economic Theory and its Applications CRETA.

  25. Karni, Edi & Safra, Zvi, 1988. "Some Observations on the Nature of Risk Aversion," Foerder Institute for Economic Research Working Papers 275445, Tel-Aviv University > Foerder Institute for Economic Research.

    Cited by:

    1. Karni, Edi & Schmeidler, David, 1990. "Utility Theory and Uncertainty," Foerder Institute for Economic Research Working Papers 275480, Tel-Aviv University > Foerder Institute for Economic Research.

  26. Karni, Edi, 1988. "Generalized Expected Utility Analysis of Multivariate Risk Aversion," Foerder Institute for Economic Research Working Papers 275439, Tel-Aviv University > Foerder Institute for Economic Research.

    Cited by:

    1. Colson, Gérard, 1993. "Prenons-nous assez de risque dans les théories du risque?," L'Actualité Economique, Société Canadienne de Science Economique, vol. 69(1), pages 111-141, mars.
    2. Machina, Mark J, 2001. "Almost-Objective Uncertainty," University of California at San Diego, Economics Working Paper Series qt3ps1k85f, Department of Economics, UC San Diego.
    3. Machina, Mark J, 2001. "Payoff Kinks in Preferences over Lotteries," Journal of Risk and Uncertainty, Springer, vol. 23(3), pages 207-260, November.
    4. Hannsgen, Greg, 2008. "The welfare economics of macroeconomics and chooser-dependent, non-expected utility preferences: A Senian critique with an application to the costs of the business cycle," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(5), pages 1980-1993, October.
    5. Sudhir A. Shah, 2010. "Comparative Risk Aversion When the Outcomes are Vectors," Working Papers id:2907, eSocialSciences.
    6. Alfred Galichon & Arthur Charpentier & Marc Henry, 2012. "Local Utility and Risk Aversion," Sciences Po publications info:hdl:2441/63913pp1o99, Sciences Po.
    7. Arthur Charpentier & Alfred Galichon & Marc Henry, 2012. "Local Utility and Multivariate Risk Aversion," CIRJE F-Series CIRJE-F-836, CIRJE, Faculty of Economics, University of Tokyo.
    8. Sudhir A. Shah, 2006. "Comparative risk aversion when the outcomes are vectors," Working papers 149, Centre for Development Economics, Delhi School of Economics.
    9. Robert Jarrow & Siguang Li, 2021. "Concavity, stochastic utility, and risk aversion," Finance and Stochastics, Springer, vol. 25(2), pages 311-330, April.
    10. Horowitz, John K., 2006. "The Becker-DeGroot-Marschak mechanism is not necessarily incentive compatible, even for non-random goods," Economics Letters, Elsevier, vol. 93(1), pages 6-11, October.
    11. Karni, Edi & Schmeidler, David, 1990. "Utility Theory and Uncertainty," Foerder Institute for Economic Research Working Papers 275480, Tel-Aviv University > Foerder Institute for Economic Research.
    12. Yonatan Aumann, 2015. "A conceptual foundation for the theory of risk aversion," Discussion Paper Series dp686, The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem.
    13. Greg Hannsgen, 2007. "Are the Costs of the Business Cycle 'Trivially Small'?," Economics Working Paper Archive wp_492, Levy Economics Institute.

  27. Karni, Edi & Zilcha, Itzhak, 1988. "Technological Progress and Income Inequality," Foerder Institute for Economic Research Working Papers 275447, Tel-Aviv University > Foerder Institute for Economic Research.

    Cited by:

    1. Jean‐Marie Viaene & Itzhak Zilcha, 2009. "Human Capital and Inequality Dynamics: The Role of Education Technology," Economica, London School of Economics and Political Science, vol. 76(304), pages 760-778, October.
    2. Ronald Fischer, 1999. "Income distribution and Trade Liberalization," Documentos de Trabajo 67, Centro de Economía Aplicada, Universidad de Chile.
    3. Zilcha, Itzhak, 1996. "Intergenerational Transfers Economic Growth and Income Distribution," Foerder Institute for Economic Research Working Papers 275619, Tel-Aviv University > Foerder Institute for Economic Research.
    4. Viaene, J.M. & Zilcha, I., 1997. "Capital Markets Integration , Growth and Income Distribution: A Dynamic Analysis," Papers 31-97, Tel Aviv.
    5. João Ricardo Faria & Miguel A. León‐Ledesma, 2004. "Habit formation, work ethics and technological progress," Manchester School, University of Manchester, vol. 72(3), pages 403-413, June.
    6. Murat Cetin & Harun Demir & Selin Saygin, 2021. "Financial Development, Technological Innovation and Income Inequality: Time Series Evidence from Turkey," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 156(1), pages 47-69, July.
    7. Yoshinori Kurokawa, 2009. "Variety-Skill Complementarity: A Simple Resolution of the Trade-Wage Inequality Anomaly," Tsukuba Economics Working Papers 2009-007, Faculty of Humanities and Social Sciences, University of Tsukuba.
    8. Zilcha, Itzhak, 2003. "Intergenerational transfers, production and income distribution," Journal of Public Economics, Elsevier, vol. 87(3-4), pages 489-513, March.
    9. Betts, Julian R., 1989. "Technological Change, Sectoral Shifts and the Distribution of Earnings: A Human Capital Model," Queen's Institute for Economic Research Discussion Papers 275217, Queen's University - Department of Economics.
    10. Kaganovich, Michael & Zilcha, Itzhak, 2012. "Pay-as-you-go or funded social security? A general equilibrium comparison," Journal of Economic Dynamics and Control, Elsevier, vol. 36(4), pages 455-467.

  28. Karni, Edi & Safra, Zvi, 1984. ""Preference Reversal" and the Theory of Choice Under Risk," Foerder Institute for Economic Research Working Papers 275382, Tel-Aviv University > Foerder Institute for Economic Research.

    Cited by:

    1. Uzi Segal, 1986. "Stochastic Dominance for Two-Stage Lotteries," UCLA Economics Working Papers 416, UCLA Department of Economics.

  29. Karni, Edi, 1984. "Generalized Expected Utility Analysis of Risk Aversion with State Dependent Preferences," Foerder Institute for Economic Research Working Papers 275383, Tel-Aviv University > Foerder Institute for Economic Research.

    Cited by:

    1. Machina, Mark J, 2001. "Almost-Objective Uncertainty," University of California at San Diego, Economics Working Paper Series qt3ps1k85f, Department of Economics, UC San Diego.
    2. Machina, Mark J, 2001. "Payoff Kinks in Preferences over Lotteries," Journal of Risk and Uncertainty, Springer, vol. 23(3), pages 207-260, November.
    3. Galizzi, Matteo M. & Machado, Sara R. & Miniaci, Raffaele, 2016. "Temporal stability, cross-validity, and external validity of risk preferences measures: experimental evidence from a UK representative sample," LSE Research Online Documents on Economics 67554, London School of Economics and Political Science, LSE Library.
    4. Robert G. Chambers & John Quiggin, 2005. "Comparative Risk Aversion for State-Dependent Preferences," Risk & Uncertainty Working Papers WP5R05, Risk and Sustainable Management Group, University of Queensland.
    5. Hui Huang & Shunming Zhang, 2011. "The Distorted Theory of Rank-Dependent Expected Utility," Annals of Economics and Finance, Society for AEF, vol. 12(2), pages 233-263, November.

  30. Karni, Edi, 1981. "On the Correspondence Between Multivariate Risk Aversion and Risk Aversion with State-Dependent Preferences," Foerder Institute for Economic Research Working Papers 275340, Tel-Aviv University > Foerder Institute for Economic Research.

    Cited by:

    1. DREZE , Jacques H. & RUSTICHINI, Aldo, 2000. "State-dependent utility and decision theory," LIDAM Discussion Papers CORE 2000007, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    2. Bommier, Antoine & Rochet, Jean-Charles, 2003. "Risk Aversion and Planning Horizon," IDEI Working Papers 204, Institut d'Économie Industrielle (IDEI), Toulouse, revised Nov 2004.
    3. Yonatan Aumann, 2015. "A conceptual foundation for the theory of risk aversion," Discussion Paper Series dp686, The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem.

  31. Karni, Edi, 1980. "Risk Aversion of State-Dependent Utility Functions: Measurement and Applications," Foerder Institute for Economic Research Working Papers 275322, Tel-Aviv University > Foerder Institute for Economic Research.

    Cited by:

    1. Brian Hill, 2009. "Living without state-independence of utilities," Post-Print hal-00463428, HAL.
    2. Broll, Udo & Eckwert, Bernhard, 1998. "Export and Hedging Decision with State-Dependent Utility," International Review of Economics & Finance, Elsevier, vol. 7(3), pages 247-253.
    3. Christian Gollier & James Hammitt & Nicolas Treich, 2013. "Risk and choice: A research saga," Journal of Risk and Uncertainty, Springer, vol. 47(2), pages 129-145, October.
    4. ANDERSSON Henrik & TREICH Nicolas, 2009. "The Value of a Statistical Life," LERNA Working Papers 09.04.280, LERNA, University of Toulouse.
    5. Luiz Vitiello & Ser-Huang Poon, 2022. "Option pricing with random risk aversion," Review of Quantitative Finance and Accounting, Springer, vol. 58(4), pages 1665-1684, May.
    6. Giuseppe Dari-Mattiacci & Eric Langlais, 2012. "Social wealth and optimal care," Post-Print hal-01385819, HAL.
    7. Langlais, Eric, 2009. "les criminels aiment-ils le risque ? [Are criminals risk-seeking individulas ?]," MPRA Paper 14892, University Library of Munich, Germany.
    8. Jean-Marc Bourgeon & Margot Hovsepian, 2017. "Green Technology Adoption and the Business Cycle," CESifo Working Paper Series 6485, CESifo.
    9. Treich, Nicolas, 2010. "The value of a statistical life under ambiguity aversion," Journal of Environmental Economics and Management, Elsevier, vol. 59(1), pages 15-26, January.
    10. Galizzi, Matteo M. & Machado, Sara R. & Miniaci, Raffaele, 2016. "Temporal stability, cross-validity, and external validity of risk preferences measures: experimental evidence from a UK representative sample," LSE Research Online Documents on Economics 67554, London School of Economics and Political Science, LSE Library.
    11. Gordon, Stephen & St-Amour, Pascal, 1997. "Asset Prices with Contingent Preferences," Cahiers de recherche 9712, Université Laval - Département d'économique, revised 08 Jun 1998.
    12. Spencer Henson, 1996. "Consumer Willingness To Pay For Reductions In The Risk Of Food Poisoning In The Uk," Journal of Agricultural Economics, Wiley Blackwell, vol. 47(1‐4), pages 403-420, January.
    13. Hanemann, W. Michael, 1984. "On reconciling different concepts of option value," CUDARE Working Papers 6279, University of California, Berkeley, Department of Agricultural and Resource Economics.
    14. Wahl, Jack E. & Broll, Udo, 2009. "Mitigation of foreign Direct investment risk and hedging," Dresden Discussion Paper Series in Economics 13/09, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics.
    15. Gordon, Stephen & St-Amour, Pascal, 1999. "A Preference Regime Model of Bull and Bear Markets," Cahiers de recherche 9906, Université Laval - Département d'économique.
    16. Robert F. Nau, 2003. "A Generalization of Pratt-Arrow Measure to Nonexpected-Utility Preferences and Inseparable Probability and Utility," Management Science, INFORMS, vol. 49(8), pages 1089-1104, August.
    17. Karni, Edi, 1984. "Generalized Expected Utility Analysis of Risk Aversion with State Dependent Preferences," Foerder Institute for Economic Research Working Papers 275383, Tel-Aviv University > Foerder Institute for Economic Research.
    18. Koehl, Pierre-Francois & Villeneuve, Bertrand, 2002. "Compensation for What? An Analysis of Insurance Strategies for Repairable Assets," Journal of Risk and Uncertainty, Springer, vol. 25(1), pages 47-64, July.
    19. Larry Epstein, 1997. "Uncertainty Aversion," Working Papers epstein-97-01, University of Toronto, Department of Economics.
    20. Vincenzo Merella & Steve Satchell, 2005. "The Impact of Consumer Confidence on Expected Utility Maximization: A Contribution to the Equity Premium Puzzle Literature," Birkbeck Working Papers in Economics and Finance 0525, Birkbeck, Department of Economics, Mathematics & Statistics.
    21. ALLARD, Marie & BRONSARD, Camille & GOURIÉROUX, Christian, 2003. "Aversion Analysis," Cahiers de recherche 04-2003, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
    22. Robert Jarrow & Siguang Li, 2021. "Concavity, stochastic utility, and risk aversion," Finance and Stochastics, Springer, vol. 25(2), pages 311-330, April.
    23. Fels, Markus, 2021. "Why Do People Buy Insurance? A Modern Answer to an Old Question," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242418, Verein für Socialpolitik / German Economic Association.
    24. Marco Maggis & Andrea Maran, 2018. "Stochastic Dynamic Utilities and Inter-Temporal Preferences," Papers 1803.05244, arXiv.org, revised Feb 2020.
    25. Edi Karni & David Schmeidler, 2016. "An expected utility theory for state-dependent preferences," Theory and Decision, Springer, vol. 81(4), pages 467-478, November.
    26. Liqun Liu & Andrew Rettenmaier & Thomas Saving, 2009. "Conditional payments and self-protection," Journal of Risk and Uncertainty, Springer, vol. 38(2), pages 159-172, April.
    27. Bardey, David & Lesur, Romain, 2005. "Optimal health insurance contract: Is a deductible useful?," Economics Letters, Elsevier, vol. 87(3), pages 313-317, June.
    28. Agricultural Economics Department, 1989. "Public Choices and Private Risks: The Role of Economic Analysis," 1989 Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk Meeting, April 9-12, 1989, Sanibel Island, Florida 271521, Regional Research Projects > S-232: Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk.
    29. Wei Wang & Huifu Xu, 2023. "Preference robust state-dependent distortion risk measure on act space and its application in optimal decision making," Computational Management Science, Springer, vol. 20(1), pages 1-51, December.

  32. Karni, Edi & Schmeidler, David, 1980. "An Expected Utility Theory for State-Dependent Preferences," Foerder Institute for Economic Research Working Papers 275328, Tel-Aviv University > Foerder Institute for Economic Research.

    Cited by:

    1. Hirbod Assa & Alexander Zimper, 2017. "Preferences Over all Random Variables: Incompatibility of Convexity and Continuity," Working Papers 201714, University of Pretoria, Department of Economics.
    2. Elias Tsakas, 2022. "Belief identification with state-dependent utilities," Papers 2203.10505, arXiv.org, revised Nov 2022.
    3. Karni, Edi & Safra, Zvi, 2016. "A theory of stochastic choice under uncertainty," Journal of Mathematical Economics, Elsevier, vol. 63(C), pages 164-173.
    4. Urmee Khan, 2016. "State-dependent Preferences in Prediction Markets and Prices as Aggregate Statistic," Studies in Microeconomics, , vol. 4(1), pages 70-77, June.
    5. Jean Baccelli, 2019. "The Problem of State-Dependent Utility: A Reappraisal," Post-Print hal-02172207, HAL.
    6. Karni, Edi, 2020. "On the indeterminacy of the representation of beliefs by probabilities," Economics Letters, Elsevier, vol. 196(C).
    7. Edi Karni & David Schmeidler, 2016. "An expected utility theory for state-dependent preferences," Theory and Decision, Springer, vol. 81(4), pages 467-478, November.
    8. Chew, Soo Hong & Wang, Wenqian, 2020. "On the robustness of indeterminacy in subjective probability," Economics Letters, Elsevier, vol. 188(C).
    9. Vilkkumaa, Eeva & Liesiö, Juuso & Salo, Ahti & Ilmola-Sheppard, Leena, 2018. "Scenario-based portfolio model for building robust and proactive strategies," European Journal of Operational Research, Elsevier, vol. 266(1), pages 205-220.
    10. Elias Tsakas, 2023. "Belief identification by proxy," Papers 2311.13394, arXiv.org.
    11. Grant, Simon & Karni, Edi, 2004. "A theory of quantifiable beliefs," Journal of Mathematical Economics, Elsevier, vol. 40(5), pages 515-546, August.

  33. Karni, Edi, 1976. "Collective Rationality, Unanimity and Liberal Ethics," Foerder Institute for Economic Research Working Papers 275318, Tel-Aviv University > Foerder Institute for Economic Research.

    Cited by:

    1. Wulf Gaertner, 1986. "Pareto, interdependent rights exercising and strategic behaviour," Journal of Economics, Springer, vol. 5(1), pages 79-98, December.

  34. Cukierman, Alex & Karni, Edi, 1975. "Price Adjustment, Rational Expectations and the Short-Run Dynamic Analysis," Foerder Institute for Economic Research Working Papers 275314, Tel-Aviv University > Foerder Institute for Economic Research.

    Cited by:

    1. Gitterman, M., 1995. "New applications of the two-state random model," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 221(1), pages 330-339.

  35. Karni, Edi & Safra, Zvi, "undated". "Ascending Bid Auctions with Behaviorally Consistent Bidders," Foerder Institute for Economic Research Working Papers 275437, Tel-Aviv University > Foerder Institute for Economic Research.

    Cited by:

    1. , & , & ,, 2006. "Optimal auctions with ambiguity," Theoretical Economics, Econometric Society, vol. 1(4), pages 411-438, December.
    2. Andreas Lange, 2003. "Climate Change and the Irreversibility Effect – Combining Expected Utility and MaxiMin," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 25(4), pages 417-434, August.
    3. Nathalie Etchart-Vincent, 2005. "Adequate Moods for Non-EU Decision Making in a Sequential Framework," CIRED Working Papers halshs-00004832, HAL.
    4. Lo, Kin Chung, 1999. "Extensive Form Games with Uncertainty Averse Players," Games and Economic Behavior, Elsevier, vol. 28(2), pages 256-270, August.
    5. Marciano Siniscalchi, 2006. "Dynamic Choice Under Ambiguity," Discussion Papers 1430, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    6. John Hey & Massimo Paradiso., "undated". "Dynamic Choice and Timing-Independence: an experimental investigation," Discussion Papers 99/26, Department of Economics, University of York.
    7. LANGE Andreas & TREICH Nicolas, 2007. "Uncertainty, Learning and Ambiguity in Economic Models on Climate Policy: Some Classical Results and New Directions," LERNA Working Papers 07.16.237, LERNA, University of Toulouse.

Articles

  1. Karni, Edi, 2022. "A theory-based decision model," Journal of Economic Theory, Elsevier, vol. 201(C).

    Cited by:

    1. Ani Guerdjikova & Jürgen Eichberger, 2023. "Cases and States ," Working Papers hal-03962412, HAL.

  2. Karni, Edi & Safra, Zvi, 2022. "Hybrid decision model and the ranking of experiments," Journal of Mathematical Economics, Elsevier, vol. 101(C).

    Cited by:

    1. Mark Whitmeyer, 2023. "Bayes = Blackwell, Almost," Papers 2302.13956, arXiv.org, revised Oct 2023.

  3. Edi Karni & Fabio Maccheroni & Massimo Marinacci, 2022. "David Schmeidler’s contributions to decision theory," Theory and Decision, Springer, vol. 93(2), pages 219-235, September.

    Cited by:

    1. Jean-Pierre Drugeon & Thai Ha-Huy, 2023. "An $\alpha$-MaxMin Utility Representation for Close and Distant Future Preferences with Temporal Biases," PSE Working Papers hal-04010969, HAL.
    2. Maristella Botticini & Pietro Buri & Massimo Marinacci, 2023. "Presidential Address 2023: The Beauty of Uncertainty: The Rise of Insurance Contracts and Markets in Medieval Europe," Journal of the European Economic Association, European Economic Association, vol. 21(6), pages 2287-2326.

  4. Karni Edi & Valenzuela-Stookey Quitzé & Vierø Marie-Louise, 2021. "Reverse Bayesianism: A Generalization," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 21(2), pages 557-569, June.
    See citations under working paper version above.
  5. Karni, Edi & Zhou, Nan, 2021. "Weighted utility theory with incomplete preferences," Mathematical Social Sciences, Elsevier, vol. 113(C), pages 116-135.

    Cited by:

    1. Robert G. Chambers & Tigran Melkonyan & John Quiggin, 2022. "Incomplete preferences, willingness to pay, and willingness to accept," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 74(3), pages 727-761, October.

  6. Edi Karni, 2020. "A mechanism for the elicitation of second-order belief and subjective information structure," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 69(1), pages 217-232, February.

    Cited by:

    1. Edi Karni & Marie-Louise Vierø, 2020. "Comparative Incompleteness: Measurement, Behavioral Manifestations and Elicitation," Working Paper 1443, Economics Department, Queen's University.
    2. J. Aislinn Bohren & Daniel N. Hauser, 2023. "Behavioral Foundations of Model Misspecification," PIER Working Paper Archive 23-007, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    3. Christopher P. Chambers & Nicolas S. Lambert, 2021. "Dynamic Belief Elicitation," Econometrica, Econometric Society, vol. 89(1), pages 375-414, January.
    4. Karni, Edi, 2022. "A theory-based decision model," Journal of Economic Theory, Elsevier, vol. 201(C).

  7. Karni, Edi, 2020. "Probabilistic sophistication without completeness," Journal of Mathematical Economics, Elsevier, vol. 89(C), pages 8-13.

    Cited by:

    1. Edi Karni & Marie-Louise Vierø, 2020. "Comparative Incompleteness: Measurement, Behavioral Manifestations and Elicitation," Working Paper 1443, Economics Department, Queen's University.

  8. Edi Karni, 2018. "A Mechanism for Eliciting Second-Order Beliefs and the Inclination to Choose," American Economic Journal: Microeconomics, American Economic Association, vol. 10(2), pages 275-285, May.

    Cited by:

    1. Li, Wenhui & Wilde, Christian, 2020. "Belief formation and belief updating under ambiguity: Evidence from experiments," SAFE Working Paper Series 251, Leibniz Institute for Financial Research SAFE, revised 2020.
    2. Bose, Subir & Daripa, Arup, 2023. "Eliciting second-order beliefs," Journal of Mathematical Economics, Elsevier, vol. 107(C).
    3. Bose, Subir & Daripa, Arup, 2022. "Eliciting ambiguous beliefs using constructed ambiguous acts: Alpha-maxmin," Journal of Mathematical Economics, Elsevier, vol. 103(C).
    4. Christopher P. Chambers & Nicolas S. Lambert, 2021. "Dynamic Belief Elicitation," Econometrica, Econometric Society, vol. 89(1), pages 375-414, January.

  9. Karni, Edi & Vierø, Marie-Louise, 2017. "Awareness of unawareness: A theory of decision making in the face of ignorance," Journal of Economic Theory, Elsevier, vol. 168(C), pages 301-328.
    See citations under working paper version above.
  10. Karni, Edi, 2017. "States Of Nature And The Nature Of States," Economics and Philosophy, Cambridge University Press, vol. 33(1), pages 73-90, March.

    Cited by:

    1. Marcus Pivato, 2020. "Subjective expected utility with a spectral state space," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 69(2), pages 249-313, March.

  11. Karni, Edi & Safra, Zvi, 2016. "A theory of stochastic choice under uncertainty," Journal of Mathematical Economics, Elsevier, vol. 63(C), pages 164-173.

    Cited by:

    1. Edi Karni & Marie-Louise Vierø, 2020. "Comparative Incompleteness: Measurement, Behavioral Manifestations and Elicitation," Working Paper 1443, Economics Department, Queen's University.
    2. Niranjan Devkota & Alika Kumari & Sahadeb Upretee & Devid Kumar Basyal & Surendra Mahato & Deependra Karki & Udaya Raj Paudel & Seeprata Parajuli & Krishna Dhakal, 2023. "Farmers’ Perspectives on Sugarcane Management in Nepal: Empirical Evidence from Logistic Regression Model," Journal of Agriculture and Crops, Academic Research Publishing Group, vol. 9(2), pages 222-232, 04-2023.
    3. Nathaniel T. Wilcox, 2017. "Random Expected Utility and Certainty Equivalents: Mimicry of Probability Weighting Functions," Working Papers 16-14, Chapman University, Economic Science Institute.
    4. Iain P. Embrey, 2020. "States of nature and states of mind: a generalized theory of decision-making," Theory and Decision, Springer, vol. 88(1), pages 5-35, February.
    5. Iain Embrey, 2017. "States of Nature and States of Mind: A Generalised Theory of Decision-Making, evaluated by application to Human Capital Development," Working Papers 209919485, Lancaster University Management School, Economics Department.
    6. Chew, Soo Hong & Miao, Bin & Shen, Qiang & Zhong, Songfa, 2022. "Multiple-switching behavior in choice-list elicitation of risk preference," Journal of Economic Theory, Elsevier, vol. 204(C).
    7. Edi Karni, 2020. "A mechanism for the elicitation of second-order belief and subjective information structure," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 69(1), pages 217-232, February.
    8. Patrick Schmidt, 2019. "Eliciting ambiguity with mixing bets," Papers 1902.07447, arXiv.org, revised Jul 2022.
    9. Edi Karni & David Schmeidler, 2016. "An expected utility theory for state-dependent preferences," Theory and Decision, Springer, vol. 81(4), pages 467-478, November.
    10. Karni, Edi & Zhou, Nan, 2021. "Weighted utility theory with incomplete preferences," Mathematical Social Sciences, Elsevier, vol. 113(C), pages 116-135.
    11. Piermont, Evan, 2017. "Context dependent beliefs," Journal of Mathematical Economics, Elsevier, vol. 71(C), pages 63-73.

  12. Edi Karni & David Schmeidler, 2016. "An expected utility theory for state-dependent preferences," Theory and Decision, Springer, vol. 81(4), pages 467-478, November.
    See citations under working paper version above.
  13. Edi Karni & Marie-Louise Vierø, 2015. "Probabilistic sophistication and reverse Bayesianism," Journal of Risk and Uncertainty, Springer, vol. 50(3), pages 189-208, June.
    See citations under working paper version above.
  14. Karni, Edi & Safra, Zvi, 2015. "Continuity, completeness, betweenness and cone-monotonicity," Mathematical Social Sciences, Elsevier, vol. 74(C), pages 68-72.

    Cited by:

    1. Aniruddha Ghosh & Mohammed Ali Khan & Metin Uyanik, 2022. "The Intermediate Value Theorem and Decision-Making in Psychology and Economics: An Expositional Consolidation," Games, MDPI, vol. 13(4), pages 1-24, July.
    2. Leandro Gorno, 2018. "The structure of incomplete preferences," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 66(1), pages 159-185, July.
    3. Uyanık, Metin & Khan, M. Ali, 2019. "On the consistency and the decisiveness of the double-minded decision-maker," Economics Letters, Elsevier, vol. 185(C).
    4. Metin Uyanik & M. Ali Khan, 2021. "The Continuity Postulate in Economic Theory: A Deconstruction and an Integration," Papers 2108.11736, arXiv.org, revised Jan 2022.
    5. Aniruddha Ghosh & M. Ali Khan & Metin Uyanık, 2023. "Continuity postulates and solvability axioms in economic theory and in mathematical psychology: a consolidation of the theory of individual choice," Theory and Decision, Springer, vol. 94(2), pages 189-210, February.
    6. M. Ali Khan & Metin Uyanik, 2019. "On an Extension of a Theorem of Eilenberg and a Characterization of Topological Connectedness," Papers 1912.12787, arXiv.org.

  15. Edi Karni & Moshe Leshno & Sivan Rapaport, 2014. "Helping patients and physicians reach individualized medical decisions: theory and application to prenatal diagnostic testing," Theory and Decision, Springer, vol. 76(4), pages 451-467, April.

    Cited by:

    1. Thibault Gajdos & Clémentine Garrouste & Pierre-Yves Geoffard, 2016. "The subjective value of a life with Down syndrome: Evidence from amniocentesis decision," Post-Print halshs-01314369, HAL.

  16. Edi Karni, 2013. "Bayesian decision theory with action-dependent probabilities and risk attitudes," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 53(2), pages 335-356, June.

    Cited by:

    1. Jacques H. Drèze, 2018. "Subjective expected utility with state-dependent but action/observation-independent preferences," LIDAM Reprints CORE 2967, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).

  17. Edi Karni & Marie-Louise Vier?, 2013. ""Reverse Bayesianism": A Choice-Based Theory of Growing Awareness," American Economic Review, American Economic Association, vol. 103(7), pages 2790-2810, December.
    See citations under working paper version above.
  18. Tsogbadral Galaabaatar & Edi Karni, 2013. "Subjective Expected Utility With Incomplete Preferences," Econometrica, Econometric Society, vol. 81(1), pages 255-284, January.

    Cited by:

    1. Simone Cerreia-Vioglio & David Dillenberger & Pietro ortoleva, 2013. "Cautious Expected Utility and the Certainty Effect," Working Papers 488, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    2. Li, Wenhui & Wilde, Christian, 2020. "Belief formation and belief updating under ambiguity: Evidence from experiments," SAFE Working Paper Series 251, Leibniz Institute for Financial Research SAFE, revised 2020.
    3. Dino Borie, 2023. "Expected utility in Savage’s framework without the completeness axiom," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 76(2), pages 525-550, August.
    4. Krahnen, Jan Pieter & Ockenfels, Peter & Wilde, Christian, 2014. "Measuring ambiguity aversion: A systematic experimental approach," SAFE Working Paper Series 55, Leibniz Institute for Financial Research SAFE.
    5. Ganguli, Jayant & Heifetz, Aviad & Lee, Byung Soo, 2016. "Universal interactive preferences," Journal of Economic Theory, Elsevier, vol. 162(C), pages 237-260.
    6. Eric Danan & Thibault Gajdos & Jean-Marc Tallon, 2012. "Harsanyi's aggregation theorem with incomplete preferences," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00768894, HAL.
    7. Geoffrey Heal, Anthony Millner, 2017. "Uncertainty and ambiguity in environmental economics: conceptual issues," GRI Working Papers 278, Grantham Research Institute on Climate Change and the Environment.
    8. Karni, Edi & Safra, Zvi, 2016. "A theory of stochastic choice under uncertainty," Journal of Mathematical Economics, Elsevier, vol. 63(C), pages 164-173.
    9. Gil Riella, 2015. "On the representation of incomplete preferences under uncertainty with indecisiveness in tastes and beliefs," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 58(3), pages 571-600, April.
    10. Chambers, Robert G. & Melkonyan, Tigran, 2017. "Ambiguity, reasoned determination, and climate-change policy," Journal of Environmental Economics and Management, Elsevier, vol. 81(C), pages 74-92.
    11. Edi Karni & Marie-Louise Vierø, 2020. "Comparative Incompleteness: Measurement, Behavioral Manifestations and Elicitation," Working Paper 1443, Economics Department, Queen's University.
    12. Robert G. Chambers & Tigran Melkonyan & John Quiggin, 2022. "Incomplete preferences, willingness to pay, and willingness to accept," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 74(3), pages 727-761, October.
    13. Gerasimou, Georgios, 2018. "On the indifference relation in Bewley preferences," Economics Letters, Elsevier, vol. 164(C), pages 24-26.
    14. Karni, Edi, 2011. "Continuity, completeness and the definition of weak preferences," Mathematical Social Sciences, Elsevier, vol. 62(2), pages 123-125, September.
    15. Cosimo Munari, 2020. "Multi-utility representations of incomplete preferences induced by set-valued risk measures," Papers 2009.04151, arXiv.org.
    16. Faro, José Heleno, 2011. "Variational Bewley Preferences," Insper Working Papers wpe_258, Insper Working Paper, Insper Instituto de Ensino e Pesquisa.
    17. David McCarthy & Kalle Mikkola & Teruji Thomas, 2019. "Aggregation for potentially infinite populations without continuity or completeness," Papers 1911.00872, arXiv.org.
    18. Edi Karni, 2014. "Familiarity breeds completeness," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 56(1), pages 109-124, May.
    19. Chambers, Robert G., 2014. "Uncertain equilibria and incomplete preferences," Journal of Mathematical Economics, Elsevier, vol. 55(C), pages 48-54.
    20. Evren, Özgür, 2014. "Scalarization methods and expected multi-utility representations," Journal of Economic Theory, Elsevier, vol. 151(C), pages 30-63.
    21. McCarthy, David & Mikkola, Kalle & Thomas, Teruji, 2021. "Expected utility theory on mixture spaces without the completeness axiom," Journal of Mathematical Economics, Elsevier, vol. 97(C).
    22. M. Ali Khan & Metin Uyan{i}k, 2018. "Topological Connectedness and Behavioral Assumptions on Preferences: A Two-Way Relationship," Papers 1810.02004, arXiv.org, revised Oct 2018.
    23. Karni, Edi & Safra, Zvi, 2015. "Continuity, completeness, betweenness and cone-monotonicity," Mathematical Social Sciences, Elsevier, vol. 74(C), pages 68-72.
    24. Alon, Shiri & Bavly, Gilad & Gayer, Gabrielle, 2022. "Inductive inference with incompleteness," Games and Economic Behavior, Elsevier, vol. 132(C), pages 576-591.
    25. Birgit Rudloff & Firdevs Ulus, 2019. "Certainty Equivalent and Utility Indifference Pricing for Incomplete Preferences via Convex Vector Optimization," Papers 1904.09456, arXiv.org, revised Oct 2020.
    26. Lawrence Blume & David Easley & Joseph Y. Halpern, 2009. "Constructive Decision Theory," Papers 0906.4316, arXiv.org, revised Jul 2021.
    27. McCarthy, David & Mikkola, Kalle, 2018. "Continuity and completeness of strongly independent preorders," Mathematical Social Sciences, Elsevier, vol. 93(C), pages 141-145.
    28. Cosimo Munari, 2021. "Multi-utility representations of incomplete preferences induced by set-valued risk measures," Finance and Stochastics, Springer, vol. 25(1), pages 77-99, January.
    29. Georgios Gerasimou, 2020. "The Decision-Conflict Logit," Papers 2008.04229, arXiv.org, revised Aug 2023.
    30. José Heleno Faro & Ana Santos, 2023. "Updating variational (Bewley) preferences," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 75(1), pages 207-228, January.
    31. Nobuo Koida, 2021. "Intransitive indifference with direction-dependent sensitivity," KIER Working Papers 1061, Kyoto University, Institute of Economic Research.
    32. Pivato, Marcus, 2012. "Multiutility representations for incomplete difference preorders," MPRA Paper 41182, University Library of Munich, Germany.
    33. McCarthy, David & Mikkola, Kalle & Thomas, Teruji, 2017. "Representation of strongly independent preorders by sets of scalar-valued functions," MPRA Paper 79284, University Library of Munich, Germany.
    34. Brian Hill, 2011. "Deferral, incomplete preferences and confidence," Working Papers hal-00579337, HAL.
    35. Qiu, Jianying, 2015. "Completing incomplete preferences," MPRA Paper 91692, University Library of Munich, Germany, revised 18 Jul 2016.
    36. Paolo Leonetti & Giulio Principi, 2022. "Representations of cones and applications to decision theory," Papers 2209.06310, arXiv.org, revised Jan 2023.
    37. Qiyan Ong & Jianying Qiu, 2023. "Paying for randomization and indecisiveness," Journal of Risk and Uncertainty, Springer, vol. 67(1), pages 45-72, August.
    38. Hill , Brian, 2014. "Incomplete Preferences and Confidence," HEC Research Papers Series 1051, HEC Paris.
    39. Jean Baccelli, 2019. "The Problem of State-Dependent Utility: A Reappraisal," Post-Print hal-02172207, HAL.
    40. Simone Cerreia-Vioglio & Alfio Giarlotta & Salvatore Greco & Fabio Maccheroni & Massimo Marinacci, 2020. "Rational preference and rationalizable choice," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 69(1), pages 61-105, February.
    41. Minardi, Stefania & Savochkin, Andrei, 2015. "Preferences with grades of indecisiveness," Journal of Economic Theory, Elsevier, vol. 155(C), pages 300-331.
    42. Richard J. Arend, 2020. "Strategic decision-making under ambiguity: a new problem space and a proposed optimization approach," Business Research, Springer;German Academic Association for Business Research, vol. 13(3), pages 1231-1251, November.
    43. Kirby Nielsen & Luca Rigotti, 2022. "Revealed Incomplete Preferences," Papers 2205.08584, arXiv.org, revised Oct 2022.
    44. Tigran Melkonyan & Zvi Safra, 2016. "Intrinsic Variability in Group and Individual Decision Making," Management Science, INFORMS, vol. 62(9), pages 2651-2667, September.
    45. Robert Nau, 2011. "Risk, ambiguity, and state-preference theory," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 48(2), pages 437-467, October.
    46. Chew, Soo Hong & Miao, Bin & Shen, Qiang & Zhong, Songfa, 2022. "Multiple-switching behavior in choice-list elicitation of risk preference," Journal of Economic Theory, Elsevier, vol. 204(C).
    47. Ehud Lehrer & Roee Teper, 2014. "Extension Rules or What Would the Sage Do?," American Economic Journal: Microeconomics, American Economic Association, vol. 6(1), pages 5-22, February.
    48. Edi Karni, 2020. "A mechanism for the elicitation of second-order belief and subjective information structure," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 69(1), pages 217-232, February.
    49. Stoye, Jörg, 2015. "Choice theory when agents can randomize," Journal of Economic Theory, Elsevier, vol. 155(C), pages 131-151.
    50. Yoram Halevy & David Walker-Jones & Lanny Zrill, 2023. "Difficult Decisions," Working Papers tecipa-753, University of Toronto, Department of Economics.
    51. Guo, Peijun, 2019. "Focus theory of choice and its application to resolving the St. Petersburg, Allais, and Ellsberg paradoxes and other anomalies," European Journal of Operational Research, Elsevier, vol. 276(3), pages 1034-1043.
    52. Karni, Edi & Zhou, Nan, 2021. "Weighted utility theory with incomplete preferences," Mathematical Social Sciences, Elsevier, vol. 113(C), pages 116-135.
    53. Kazuhiro Hara & Gil Riella, 2023. "Multiple tastes and beliefs with an infinite prize space," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 76(2), pages 417-444, August.
    54. Karni, Edi, 2020. "Probabilistic sophistication without completeness," Journal of Mathematical Economics, Elsevier, vol. 89(C), pages 8-13.
    55. Karni, Edi & Maccheroni, Fabio & Marinacci, Massimo, 2015. "Ambiguity and Nonexpected Utility," Handbook of Game Theory with Economic Applications,, Elsevier.
    56. Qiu, Jianying, 2015. "Completing incomplete preferences," MPRA Paper 72933, University Library of Munich, Germany, revised 18 Jul 2016.
    57. Hiroki Nishimura, 2014. "The Transitive Core: Inference of Welfare from Nontransitive Preference Relations," Working Papers 201419, University of California at Riverside, Department of Economics.
    58. Geoffrey Heal & Antony Millner, 2015. "Should climate policy account for ambiguity?," GRI Working Papers 202, Grantham Research Institute on Climate Change and the Environment.
    59. Chollete, Lor & Schmeidler, David, 2014. "Misspecification Aversion and Selection of Initial Priors," UiS Working Papers in Economics and Finance 2014/13, University of Stavanger.
    60. Valenzuela-Stookey, Quitzé, 2023. "Subjective complexity under uncertainty," Department of Economics, Working Paper Series qt4mz932j6, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
    61. Ellsaesser, Florian & Fioretti, Guido, 2022. "Deciding Not To Decide," MPRA Paper 111546, University Library of Munich, Germany.

  19. Gary Charness & Edi Karni & Dan Levin, 2013. "Ambiguity attitudes and social interactions: An experimental investigation," Journal of Risk and Uncertainty, Springer, vol. 46(1), pages 1-25, February.
    See citations under working paper version above.
  20. Galaabaatar, Tsogbadral & Karni, Edi, 2012. "Expected multi-utility representations," Mathematical Social Sciences, Elsevier, vol. 64(3), pages 242-246.
    See citations under working paper version above.
  21. Edi Karni, 2011. "Subjective Probabilities on a State Space," American Economic Journal: Microeconomics, American Economic Association, vol. 3(4), pages 172-185, November.

    Cited by:

    1. David Dillenberger & Andrew Postlewaite & Kareen Rozen, 2011. "Optimism and Pessimism with Expected Utility, Third Version," PIER Working Paper Archive 13-001, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 26 Dec 2012.
    2. David Dillenberger & Andrew Postlewaite & Kareen Rozen, 2013. "Optimism and Pessimism with Expected Utility, Fifth Version," PIER Working Paper Archive 15-009, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 23 Feb 2015.
    3. David Dillenberger & Andrew Postlewaite & Kareen Rozen, 2012. "Optimism and Pessimism with Expected Utility," Levine's Working Paper Archive 786969000000000353, David K. Levine.
    4. Karni, Edi, 2020. "On the indeterminacy of the representation of beliefs by probabilities," Economics Letters, Elsevier, vol. 196(C).
    5. Edi Karni, 2013. "Bayesian decision theory with action-dependent probabilities and risk attitudes," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 53(2), pages 335-356, June.
    6. David Dillenberger & Andrew Postlewaite & Kareen Rozen, 2011. "Optimism and Pessimism with Expected Utility, Fourth Version," PIER Working Paper Archive 13-068, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 01 Nov 2013.
    7. David Dillenberger & Andrew Postlewaite & Kareen Rozen, 2011. "Optimism and Pessimism with Expected Utility, Second Version," PIER Working Paper Archive 12-031, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 10 Aug 2012.

  22. Karni, Edi, 2011. "Continuity, completeness and the definition of weak preferences," Mathematical Social Sciences, Elsevier, vol. 62(2), pages 123-125, September.

    Cited by:

    1. Edi Karni & Marie-Louise Vierø, 2020. "Comparative Incompleteness: Measurement, Behavioral Manifestations and Elicitation," Working Paper 1443, Economics Department, Queen's University.
    2. Robert G. Chambers & Tigran Melkonyan & John Quiggin, 2022. "Incomplete preferences, willingness to pay, and willingness to accept," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 74(3), pages 727-761, October.
    3. Edi Karni, 2014. "Familiarity breeds completeness," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 56(1), pages 109-124, May.
    4. Chambers, Robert G., 2014. "Uncertain equilibria and incomplete preferences," Journal of Mathematical Economics, Elsevier, vol. 55(C), pages 48-54.
    5. Karni, Edi & Safra, Zvi, 2015. "Continuity, completeness, betweenness and cone-monotonicity," Mathematical Social Sciences, Elsevier, vol. 74(C), pages 68-72.
    6. McCarthy, David & Mikkola, Kalle, 2018. "Continuity and completeness of strongly independent preorders," Mathematical Social Sciences, Elsevier, vol. 93(C), pages 141-145.
    7. McCarthy, David & Mikkola, Kalle & Thomas, Teruji, 2017. "Representation of strongly independent preorders by sets of scalar-valued functions," MPRA Paper 79284, University Library of Munich, Germany.
    8. Galaabaatar, Tsogbadral & Karni, Edi, 2012. "Expected multi-utility representations," Mathematical Social Sciences, Elsevier, vol. 64(3), pages 242-246.
    9. Diecidue, Enrico & Somasundaram, Jeeva, 2017. "Regret theory: A new foundation," Journal of Economic Theory, Elsevier, vol. 172(C), pages 88-119.

  23. Edi Karni, 2011. "A theory of Bayesian decision making with action-dependent subjective probabilities," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 48(1), pages 125-146, September.

    Cited by:

    1. Jacques H. Drèze, 2018. "Subjective expected utility with state-dependent but action/observation-independent preferences," LIDAM Reprints CORE 2967, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    2. Chen, Zengjing & Epstein, Larry G. & Zhang, Guodong, 2023. "A central limit theorem, loss aversion and multi-armed bandits," Journal of Economic Theory, Elsevier, vol. 209(C).
    3. Edi Karni, 2011. "Subjective Probabilities on a State Space," American Economic Journal: Microeconomics, American Economic Association, vol. 3(4), pages 172-185, November.
    4. Erio Castagnoli & Giacomo Cattelan & Fabio Maccheroni & Claudio Tebaldi & Ruodu Wang, 2021. "Star-shaped Risk Measures," Papers 2103.15790, arXiv.org, revised Apr 2022.

  24. Karni, Edi, 2010. "Red herrings: Some thoughts on the meaning of zero-probability events and mathematical modeling," Economics Letters, Elsevier, vol. 107(2), pages 134-135, May.

    Cited by:

    1. Tian, Dejian & Tian, Weidong, 2014. "Optimal risk-sharing under mutually singular beliefs," Mathematical Social Sciences, Elsevier, vol. 72(C), pages 41-49.

  25. Charness, Gary & Karni, Edi & Levin, Dan, 2010. "On the conjunction fallacy in probability judgment: New experimental evidence regarding Linda," Games and Economic Behavior, Elsevier, vol. 68(2), pages 551-556, March.
    See citations under working paper version above.
  26. Edi Karni, 2009. "A theory of medical decision making under uncertainty," Journal of Risk and Uncertainty, Springer, vol. 39(1), pages 1-16, August.

    Cited by:

    1. O’Callaghan, Patrick H., 2018. "Axioms for measuring utility on partial mixture sets," Journal of Mathematical Economics, Elsevier, vol. 77(C), pages 76-86.
    2. Thomas Garcia & Sébastien Massoni, 2017. "Aiming to choose correctly or to choose wisely ? The optimality-accuracy trade-off in decisions under uncertainty," Working Papers 1714, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
    3. Thibault Gajdos & Clémentine Garrouste & Pierre-Yves Geoffard, 2016. "The subjective value of a life with Down syndrome: Evidence from amniocentesis decision," Post-Print halshs-01314369, HAL.
    4. David Dillenberger & Andrew Postlewaite & Kareen Rozen, 2011. "Optimism and Pessimism with Expected Utility, Third Version," PIER Working Paper Archive 13-001, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 26 Dec 2012.
    5. O'Callaghan, Patrick, 2016. "Measuring utility without mixing apples and oranges and eliciting beliefs about stock prices," MPRA Paper 69363, University Library of Munich, Germany.
    6. Pamela Giustinelli, 2016. "Group Decision Making With Uncertain Outcomes: Unpacking Child–Parent Choice Of The High School Track," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 57(2), pages 573-602, May.
    7. Azam, Nouman & Zhang, Yan & Yao, JingTao, 2017. "Evaluation functions and decision conditions of three-way decisions with game-theoretic rough sets," European Journal of Operational Research, Elsevier, vol. 261(2), pages 704-714.
    8. David Dillenberger & Andrew Postlewaite & Kareen Rozen, 2013. "Optimism and Pessimism with Expected Utility, Fifth Version," PIER Working Paper Archive 15-009, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 23 Feb 2015.
    9. O’Callaghan, Patrick, 2011. "Context and Decision: Utility on a Union of Mixture Spaces," The Warwick Economics Research Paper Series (TWERPS) 973, University of Warwick, Department of Economics.
    10. Edi Karni & Moshe Leshno & Sivan Rapaport, 2014. "Helping patients and physicians reach individualized medical decisions: theory and application to prenatal diagnostic testing," Theory and Decision, Springer, vol. 76(4), pages 451-467, April.
    11. David Dillenberger & Andrew Postlewaite & Kareen Rozen, 2012. "Optimism and Pessimism with Expected Utility," Levine's Working Paper Archive 786969000000000353, David K. Levine.
    12. O'Callaghan, Patrick, 2011. "Context and Decision: Utility on a Union of Mixture Spaces," Economic Research Papers 270751, University of Warwick - Department of Economics.
    13. O'Callaghan, Patrick, 2017. "Axioms for Measuring without mixing apples and Oranges," MPRA Paper 81196, University Library of Munich, Germany.
    14. David Dillenberger & Andrew Postlewaite & Kareen Rozen, 2011. "Optimism and Pessimism with Expected Utility, Fourth Version," PIER Working Paper Archive 13-068, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 01 Nov 2013.
    15. Ingrid Burfurd & Tom Wilkening, 2018. "Experimental guidance for eliciting beliefs with the Stochastic Becker–DeGroot–Marschak mechanism," Journal of the Economic Science Association, Springer;Economic Science Association, vol. 4(1), pages 15-28, July.
    16. David Dillenberger & Andrew Postlewaite & Kareen Rozen, 2011. "Optimism and Pessimism with Expected Utility, Second Version," PIER Working Paper Archive 12-031, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 10 Aug 2012.

  27. Edi Karni, 2009. "A Mechanism for Eliciting Probabilities," Econometrica, Econometric Society, vol. 77(2), pages 603-606, March.

    Cited by:

    1. Aurélien Baillon & Yoram Halevy & Chen Li, 2022. "Experimental elicitation of ambiguity attitude using the random incentive system," Experimental Economics, Springer;Economic Science Association, vol. 25(3), pages 1002-1023, June.
    2. Xiangyu Qu, 2012. "A mechanism for eliciting a probability distribution," Post-Print hal-01437544, HAL.
    3. Brañas Garza, Pablo & Espinosa Alejos, María Paz, 2010. "Unraveling Public Good Games: The Role of Priors," DFAEII Working Papers 1988-088X, University of the Basque Country - Department of Foundations of Economic Analysis II.
    4. Amalia Di Girolamo & Glenn W. Harrison & Morten I. Lau & J. Todd Swarthout, 2015. "Subjective Belief Distributions and the Characterization of Economic Literacy," Experimental Economics Center Working Paper Series 2015-06, Experimental Economics Center, Andrew Young School of Policy Studies, Georgia State University.
    5. Vanessa Valero, 2022. "Redistribution and beliefs about the source of income inequality," Experimental Economics, Springer;Economic Science Association, vol. 25(3), pages 876-901, June.
    6. Bauer, Dominik & Wolff, Irenaeus, 2021. "Biases in Belief Reports," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242458, Verein für Socialpolitik / German Economic Association.
    7. Mackenzie, Andrew, 2020. "A revelation principle for obviously strategy-proof implementation," Games and Economic Behavior, Elsevier, vol. 124(C), pages 512-533.
    8. Markus M. Möbius & Muriel Niederle & Paul Niehaus & Tanya S. Rosenblat, 2022. "Managing Self-Confidence: Theory and Experimental Evidence," Management Science, INFORMS, vol. 68(11), pages 7793-7817, November.
    9. Kessel, Dany & Mollerstrom, Johanna & van Veldhuizen, Roel, 2021. "Can simple advice eliminate the gender gap in willingness to compete?," European Economic Review, Elsevier, vol. 138(C).
    10. Roel van Veldhuizen, 2022. "Gender Differences in Tournament Choices: Risk Preferences, Overconfidence, or Competitiveness?," Journal of the European Economic Association, European Economic Association, vol. 20(4), pages 1595-1618.
    11. Armantier, Olivier & Treich, Nicolas, 2010. "Eliciting Beliefs: Proper Scoring Rules, Incentives, Stakes and Hedging," LERNA Working Papers 10.26.332, LERNA, University of Toulouse.
    12. Bose, Subir & Daripa, Arup, 2023. "Eliciting second-order beliefs," Journal of Mathematical Economics, Elsevier, vol. 107(C).
    13. Benoît, Jean-Pierre & Dubra, Juan & Romagnoli, Giorgia, 2019. "Belief elicitation when more than money matters," MPRA Paper 95550, University Library of Munich, Germany.
    14. Jin Hyuk Choi & Kookyoung Han, 2023. "Delegation of information acquisition, information asymmetry, and outside option," International Journal of Game Theory, Springer;Game Theory Society, vol. 52(3), pages 833-860, September.
    15. Juan Dubra & Jean-Pierre Benoit, 2011. "Apparent Overconfidence," Documentos de Trabajo/Working Papers 1106, Facultad de Ciencias Empresariales y Economia. Universidad de Montevideo..
    16. Alvaro Sandroni, 2014. "At Least Do No Harm: The Use of Scarce Data," American Economic Journal: Microeconomics, American Economic Association, vol. 6(1), pages 1-3, February.
    17. Yun Wang, 2015. "Belief and Higher-Order Belief in the Centipede Games: Theory and Experiment," Working Papers 2015-03-24, Wang Yanan Institute for Studies in Economics (WISE), Xiamen University.
    18. Schlag, Karl & Tremewan, James, 2020. "Simple Belief Elicitation: an experimental evaluation," MPRA Paper 98187, University Library of Munich, Germany.
    19. Arieli, Itai & Mueller-Frank, Manuel, 2017. "Inferring beliefs from actions," Games and Economic Behavior, Elsevier, vol. 102(C), pages 455-461.
    20. Crosetto, Paolo & Filippin, Antonio & Katuščák, Peter & Smith, John, 2020. "Central tendency bias in belief elicitation," Journal of Economic Psychology, Elsevier, vol. 78(C).
    21. Ernesto Dal Bó & Pedro Dal Bó & Erik Eyster, 2016. "The Demand for Bad Policy when Voters Underappreciate Equilibrium Effects," NBER Working Papers 22916, National Bureau of Economic Research, Inc.
    22. Costanigro, Marco & Onozaka, Yuko, 2018. "A Belief-Preference Model of Choice for Experience and Credence Goods," Working Papers 276053, Colorado State University, Department of Agricultural and Resource Economics.
    23. Aghion, Philippe & Fehr, Ernst & Holden, Richard & Wilkening, Tom, 2015. "The Role of Bounded Rationality and Imperfect Information in Subgame Perfect Implementation: An Empirical Investigation," IZA Discussion Papers 8971, Institute of Labor Economics (IZA).
    24. Yves SPRUMONT, 2016. "Strategy-proof Choice of Acts : A Preliminary Study," Cahiers de recherche 07-2016, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
    25. Pleshcheva, Vlada & Klapper, Daniel & Dannewald, Till, 2019. "On Factors of Consumer Heterogeneity in (Mis)Valuation of Future Energy Costs: Evidence for the German Automobile Market," Rationality and Competition Discussion Paper Series 140, CRC TRR 190 Rationality and Competition.
    26. Francesco Fallucchi & Daniele Nosenzo & Ernesto Reuben, 2021. "Measuring preferences for competition with experimentally-validated survey questions," LISER Working Paper Series 2021-12, Luxembourg Institute of Socio-Economic Research (LISER).
    27. Guillaume R. Fréchette & Emanuel Vespa, 2017. "The determinants of voting in multilateral bargaining games," Journal of the Economic Science Association, Springer;Economic Science Association, vol. 3(1), pages 26-43, July.
    28. Randolph Sloof & Ferdinand von Siemens, 2014. "Illusion of Control and the Pursuit of Authority," CESifo Working Paper Series 4764, CESifo.
    29. Jean-Pierre Benoit & Juan Dubra & Don Moore, 2013. "Does the better –than- average effect show that people are Overconfident?: two experiments," Documentos de Trabajo/Working Papers 1301, Facultad de Ciencias Empresariales y Economia. Universidad de Montevideo..
    30. Ned Augenblick & Jesse M. Cunha & Ernesto Dal Bó & Justin M. Rao, 2012. "The Economics of Faith: Using an Apocalyptic Prophecy to Elicit Religious Beliefs in the Field," NBER Working Papers 18641, National Bureau of Economic Research, Inc.
    31. Heursen, Lea, 2023. "Does relative performance information lower group morale?," Journal of Economic Behavior & Organization, Elsevier, vol. 209(C), pages 547-559.
    32. Alexander Coutts, 2019. "Good news and bad news are still news: experimental evidence on belief updating," Experimental Economics, Springer;Economic Science Association, vol. 22(2), pages 369-395, June.
    33. Ali, S. Nageeb, 2018. "On the role of responsiveness in rational herds," Economics Letters, Elsevier, vol. 163(C), pages 79-82.
    34. Amalia Di Girolamo & Glenn W. Harrison & Morten I. Lau & J. Todd Swarthout, 2013. "Characterizing Financial and Statistical Literacy," Experimental Economics Center Working Paper Series 2013-04, Experimental Economics Center, Andrew Young School of Policy Studies, Georgia State University.
    35. Theo Offerman & Asa B. Palley, 2016. "Lossed in translation: an off-the-shelf method to recover probabilistic beliefs from loss-averse agents," Experimental Economics, Springer;Economic Science Association, vol. 19(1), pages 1-30, March.
    36. Barron, Kai, 2019. "Belief updating: Does the 'good-news, bad-news' asymmetry extend to purely financial domains?," Discussion Papers, Research Unit: Economics of Change SP II 2016-309r, WZB Berlin Social Science Center, revised 2019.
    37. Yaron Azrieli & Christopher P. Chambers & Paul J. Healy, 2018. "Incentives in Experiments: A Theoretical Analysis," Journal of Political Economy, University of Chicago Press, vol. 126(4), pages 1472-1503.
    38. Yu Zheng & Juan Pantano, 2012. "Using Subjective Expectations Data to Allow for Unobserved Heterogeneity in Hotz-Miller Estimation Strategies," 2012 Meeting Papers 940, Society for Economic Dynamics.
    39. Yang, Fanzheng, 2013. "Using laboratory experiments to study otherwise unobservable labor market interactions," ISU General Staff Papers 201301010800004100, Iowa State University, Department of Economics.
    40. Le Yaouanq, Yves & Schwardmann, Peter, 2019. "Learning About One\'s Self," Rationality and Competition Discussion Paper Series 139, CRC TRR 190 Rationality and Competition.
    41. Kiefer, Nicholas M., 2009. "Incentive-Compatible Elicitation of Quantiles," Working Papers 09-13, Cornell University, Center for Analytic Economics.
    42. Karl Schlag & James Tremewan & Joel von der Weele, 2014. "A Penny for your Thoughts: A Survey of Methods of Eliciting Beliefs," Vienna Economics Papers vie1401, University of Vienna, Department of Economics.
    43. Coutts, Alexander, 2015. "Testing Models of Belief Bias: An Experiment," MPRA Paper 67507, University Library of Munich, Germany.
    44. Yun Wang, 2023. "Belief and higher‐order belief in the centipede games: An experimental investigation," Pacific Economic Review, Wiley Blackwell, vol. 28(1), pages 27-73, February.
    45. Coelho, Marta & de Meza, David, 2012. "Do bad risks know it? Experimental evidence on optimism and adverse selection," Economics Letters, Elsevier, vol. 114(2), pages 168-171.
    46. Harrison, Glenn W. & Martínez-Correa, Jimmy & Swarthout, J. Todd & Ulm, Eric R., 2017. "Scoring rules for subjective probability distributions," Journal of Economic Behavior & Organization, Elsevier, vol. 134(C), pages 430-448.
    47. Valeria Burdea & Jonathan Woon, 2021. "Online Belief Elicitation Methods," CESifo Working Paper Series 8823, CESifo.
    48. Guillaume Hollard & Sébastien Massoni & Jean-Christophe Vergnaud, 2010. "Subjective beliefs formation and elicitation rules : experimental evidence," Post-Print halshs-00543828, HAL.
    49. Casoria, Fortuna & Reuben, Ernesto & Rott, Christina, 2020. "The Effect of Group Identity on Hiring Decisions with Incomplete Information," IZA Discussion Papers 13873, Institute of Labor Economics (IZA).
    50. Zankiewicz, Christian & Ensthaler, Ludwig & Nottmeyer, Olga & Weizsäcker, Georg, 2015. "Hidden skewness: On the difficulty of multiplicative compounding under random shocks," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 112815, Verein für Socialpolitik / German Economic Association.
    51. Hao, Li & Houser, Daniel, 2017. "Perceptions, intentions, and cheating," Journal of Economic Behavior & Organization, Elsevier, vol. 133(C), pages 52-73.
    52. Daniele Nosenzo & Erte Xiao & Nina Xue, 2022. "Norm-Signalling Punishment," Economics Working Papers 2022-07, Department of Economics and Business Economics, Aarhus University.
    53. Yi-Chun Chen & Manuel Mueller-Frank & Mallesh M Pai, 2021. "The Wisdom of the Crowd and Higher-Order Beliefs," Papers 2102.02666, arXiv.org, revised Nov 2021.
    54. Lata Gangadharan & Philip J. Grossman & Nina Xue, 2022. "Stepping Stone: Identifying self-image concerns from motivated beliefs: Does it matter how and whom you ask?," Monash Economics Working Papers 2022-05, Monash University, Department of Economics.
    55. Steffen Andersen & John Fountain & Glenn Harrison & E. Rutström, 2014. "Estimating subjective probabilities," Journal of Risk and Uncertainty, Springer, vol. 48(3), pages 207-229, June.
    56. Lina Lozano & Ernesto Reuben, 2022. "Measuring Preferences for Competition," Working Papers 20220078, New York University Abu Dhabi, Department of Social Science, revised Aug 2022.
    57. Markus Eyting & Patrick Schmidt, 2019. "Belief Elicitation with Multiple Point Predictions," Working Papers 1818, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz, revised 16 Nov 2020.
    58. Subir Bose & Arup Daripa, 2016. "Contracting with Type-Dependent Naïveté," Discussion Papers in Economics 16/04, Division of Economics, School of Business, University of Leicester.
    59. Becker, Christoph K. & Melkonyan, Tigran & Proto, Eugenio & Sofianos, Andis & Trautmann, Stefan T., 2020. "Reverse Bayesianism: Revising Beliefs in Light of Unforeseen Events," IZA Discussion Papers 13821, Institute of Labor Economics (IZA).
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    63. Bauer, Dominik & Wolff, Irenaeus, 2019. "Biases in Beliefs," VfS Annual Conference 2019 (Leipzig): 30 Years after the Fall of the Berlin Wall - Democracy and Market Economy 203601, Verein für Socialpolitik / German Economic Association.
    64. Castagnetti, Alessandro & Schmacker, Renke, 2022. "Protecting the ego: Motivated information selection and updating," European Economic Review, Elsevier, vol. 142(C).
    65. Sergio Almeida & Marcos Rangel, 2016. "Probabilistic Sophistication, Sources Of Uncertainty, And Cognitive Ability: Experimental Evidence," Anais do XLII Encontro Nacional de Economia [Proceedings of the 42nd Brazilian Economics Meeting] 131, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
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    68. BAHEL, Eric & SPRUMONT, Yves, 2017. "Strategyproof choice of acts: beyond dictatorship," Cahiers de recherche 2017-01, Universite de Montreal, Departement de sciences economiques.
    69. Li Hao & Daniel Houser, 2012. "Belief elicitation in the presence of naïve respondents: An experimental study," Journal of Risk and Uncertainty, Springer, vol. 44(2), pages 161-180, April.
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    73. van Veldhuizen, Roel, 2022. "Gender Differences in Tournament Choices: Risk Preferences, Overconfidence or Competitiveness?," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 20(4), pages 1595-1618.
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    75. Aidin Hajikhameneh & Erik O. Kimbrough, 2017. "Individualism, Collectivism, and Trade," Discussion Papers dp17-01, Department of Economics, Simon Fraser University.
    76. Mariana Blanco & Dirk Engelmann & Alexander Koch & Hans-Theo Normann, 2010. "Belief elicitation in experiments: is there a hedging problem?," Experimental Economics, Springer;Economic Science Association, vol. 13(4), pages 412-438, December.
    77. Cheung, Stephen L. & Johnstone, Lachlan, 2017. "True Overconfidence, Revealed through Actions: An Experiment," IZA Discussion Papers 10545, Institute of Labor Economics (IZA).
    78. Majid Karimi & Stanko Dimitrov, 2018. "On the Road to Making Science of “Art”: Risk Bias in Market Scoring Rules," Decision Analysis, INFORMS, vol. 15(2), pages 72-89, June.
    79. Pablo Brañas-Garza & María Paz Espinosa, 2008. "Unraveling Public Good Games," ThE Papers 08/01, Department of Economic Theory and Economic History of the University of Granada..
    80. Crockett, Erin & Crockett, Sean, 2019. "Endowments and risky choice," Journal of Economic Behavior & Organization, Elsevier, vol. 159(C), pages 344-354.
    81. Valeria Burdea & Jonathan Woon, 2023. "Getting it Right: Communication, Voting, and Collective Truth Finding," Rationality and Competition Discussion Paper Series 443, CRC TRR 190 Rationality and Competition.
    82. Cacault, Maria Paula & Grieder, Manuel, 2019. "How group identification distorts beliefs," Journal of Economic Behavior & Organization, Elsevier, vol. 164(C), pages 63-76.
    83. Dominik Bauer & Irenaeus Wolff, 2018. "Biases in Beliefs: Experimental Evidence," TWI Research Paper Series 109, Thurgauer Wirtschaftsinstitut, Universität Konstanz.
    84. Victor Aguirregabiria & Erhao Xie, 2016. "Identification of Biased Beliefs in Games of Incomplete Information Using Experimental Data," Working Papers tecipa-560, University of Toronto, Department of Economics.
    85. Maël Lebreton & Karin Bacily & Stefano Palminteri & Jan B Engelmann, 2019. "Contextual influence on confidence judgments in human reinforcement learning," PLOS Computational Biology, Public Library of Science, vol. 15(4), pages 1-27, April.
    86. Choi, Jin Hyuk & Han, Kookyoung, 2020. "Optimal contract for outsourcing information acquisition," Economics Letters, Elsevier, vol. 195(C).
    87. Bose, Subir & Daripa, Arup, 2022. "Eliciting ambiguous beliefs using constructed ambiguous acts: Alpha-maxmin," Journal of Mathematical Economics, Elsevier, vol. 103(C).
    88. Robertson, Matthew J., 2018. "Contests with Ex-Ante Target Setting," CRETA Online Discussion Paper Series 47, Centre for Research in Economic Theory and its Applications CRETA.
    89. Kim, Duk Gyoo & Kim, Hee Chun, 2022. "Probability matching and strategic decision making," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 98(C).
    90. Alvaro Sandroni & Eran Shmaya, 2013. "Eliciting beliefs by paying in chance," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 1(1), pages 33-37, May.
    91. Patrick Schmidt, 2019. "Eliciting ambiguity with mixing bets," Papers 1902.07447, arXiv.org, revised Jul 2022.
    92. Christopher P. Chambers & Nicolas S. Lambert, 2021. "Dynamic Belief Elicitation," Econometrica, Econometric Society, vol. 89(1), pages 375-414, January.
    93. Blume, Andreas & Lai, Ernest K. & Lim, Wooyoung, 2019. "Eliciting private information with noise: The case of randomized response," Games and Economic Behavior, Elsevier, vol. 113(C), pages 356-380.
    94. Yoram Halevy & David Walker-Jones & Lanny Zrill, 2023. "Difficult Decisions," Working Papers tecipa-753, University of Toronto, Department of Economics.
    95. Olivier L'Haridon & Craig S. Webb & Horst Zank, 2021. "An Effective and Simple Tool for Measuring Loss Aversion," Economics Discussion Paper Series 2107, Economics, The University of Manchester.
    96. Arthur Carvalho & Stanko Dimitrov & Kate Larson, 2018. "On proper scoring rules and cumulative prospect theory," EURO Journal on Decision Processes, Springer;EURO - The Association of European Operational Research Societies, vol. 6(3), pages 343-376, November.
    97. David Owens Jr. & Zachary Grossman Jr. & Ryan Fackler Jr., 2014. "The Control Premium: A Preference for Payoff Autonomy," American Economic Journal: Microeconomics, American Economic Association, vol. 6(4), pages 138-161, November.
    98. Dustan, Andrew & Koutout, Kristine & Leo, Greg, 2022. "Second-order beliefs and gender," Journal of Economic Behavior & Organization, Elsevier, vol. 200(C), pages 752-781.
    99. Harrison, Glenn W. & Martínez-Correa, Jimmy & Swarthout, J. Todd, 2014. "Eliciting subjective probabilities with binary lotteries," Journal of Economic Behavior & Organization, Elsevier, vol. 101(C), pages 128-140.
    100. Ertac, Seda & Koçkesen, Levent & Ozdemir, Duygu, 2016. "The role of verifiability and privacy in the strategic provision of performance feedback: Theory and experimental evidence," Games and Economic Behavior, Elsevier, vol. 100(C), pages 24-45.
    101. Daniel E. Chavez & Marco A. Palma, 2019. "Pushing subjects beyond rationality with more alternatives in experimental auctions," Agricultural Economics, International Association of Agricultural Economists, vol. 50(2), pages 207-217, March.
    102. Tsakas, Elias, 2019. "Obvious belief elicitation," Research Memorandum 001, Maastricht University, Graduate School of Business and Economics (GSBE).
    103. David Ronayne & Roberto Veneziani & William R. Zame, 2022. "Do Decision Makers Have Subjective Probabilities? An Experimental Test," Working Papers 940, Queen Mary University of London, School of Economics and Finance.
    104. Ertac, Seda & Gümren, Mert & Koçkesen, Levent, 2019. "Strategic feedback in teams: Theory and experimental evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 162(C), pages 1-23.
    105. Jens Witkowski & Rupert Freeman & Jennifer Wortman Vaughan & David M. Pennock & Andreas Krause, 2023. "Incentive-Compatible Forecasting Competitions," Management Science, INFORMS, vol. 69(3), pages 1354-1374, March.
    106. Tsakas, Elias, 2019. "Obvious belief elicitation," Games and Economic Behavior, Elsevier, vol. 118(C), pages 374-381.
    107. Karni, Edi, 2022. "A theory-based decision model," Journal of Economic Theory, Elsevier, vol. 201(C).
    108. Ingrid Burfurd & Tom Wilkening, 2022. "Cognitive heterogeneity and complex belief elicitation," Experimental Economics, Springer;Economic Science Association, vol. 25(2), pages 557-592, April.
    109. Demuynck, Thomas, 2013. "A mechanism for eliciting the mean and quantiles of a random variable," Economics Letters, Elsevier, vol. 121(1), pages 121-123.
    110. Charness, Gary & Gneezy, Uri & Rasocha, Vlastimil, 2021. "Experimental methods: Eliciting beliefs," Journal of Economic Behavior & Organization, Elsevier, vol. 189(C), pages 234-256.
    111. Sharma, Karmini & Castagnetti, Alessandro, 2023. "Demand for information by gender: An experimental study," Journal of Economic Behavior & Organization, Elsevier, vol. 207(C), pages 172-202.
    112. de Haan, Thomas, 2020. "Eliciting belief distributions using a random two-level partitioning of the state space," Working Papers in Economics 1/20, University of Bergen, Department of Economics.
    113. Alvaro Sandroni & Eran Shmaya, 2013. "Eliciting Beliefs by Paying in Chance," Discussion Papers 1565, Northwestern University, Center for Mathematical Studies in Economics and Management Science.

  28. Karni, Edi, 2009. "A reformulation of the maxmin expected utility model with application to agency theory," Journal of Mathematical Economics, Elsevier, vol. 45(1-2), pages 97-112, January.

    Cited by:

    1. Giraud, Raphaël & Thomas, Lionel, 2017. "Ambiguity, optimism, and pessimism in adverse selection models," Journal of Economic Theory, Elsevier, vol. 171(C), pages 64-100.
    2. Qi Liu & Lei Lu & Bo Sun, 2017. "Incentive Contracting Under Ambiguity Aversion," International Finance Discussion Papers 1195, Board of Governors of the Federal Reserve System (U.S.).
    3. Urmee Khan & Martin Dumav, 2018. "Moral Hazard, Uncertain Technologies, and Linear Contracts," Working Papers 201806, University of California at Riverside, Department of Economics.
    4. Eisei Ohtaki & Hiroyuki Ozaki, 2014. "Optimality in a Stochastic OLG Model with Ambiguity," Working Papers e069, Tokyo Center for Economic Research.
    5. Philipp Weinschenk, 2010. "Moral Hazard and Ambiguity," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2010_39, Max Planck Institute for Research on Collective Goods.
    6. Eisei Ohtaki, 2020. "Optimality in an OLG model with nonsmooth preferences," Working Papers e145, Tokyo Center for Economic Research.
    7. Martin Dumav, 2021. "Moral Hazard, Dynamic Incentives, and Ambiguous Perceptions," Papers 2110.15229, arXiv.org.
    8. Zheng, Mingli & Wang, Chong & Li, Chaozheng, 2015. "Optimal nonlinear pricing by a monopolist with information ambiguity," International Journal of Industrial Organization, Elsevier, vol. 40(C), pages 60-66.
    9. Robert G. Chambers & Tigran A. Melkonyan, 2010. "Regulatory Policy Design in an Uncertain World," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 12(6), pages 1081-1107, December.
    10. Qi Liu & Lei Lu & Bo Sun, 2018. "Incentive contracting under ambiguity aversion," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 66(4), pages 929-950, December.

  29. Edi Karni, 2008. "On Optimal Insurance in the Presence of Moral Hazard*," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 33(1), pages 1-18, June.

    Cited by:

    1. Edi Karni, 2009. "A Theory of Bayesian Decision Making," Economics Working Paper Archive 550, The Johns Hopkins University,Department of Economics.
    2. Lu, Zhiyi & Meng, Shengwang & Liu, Leping & Han, Ziqi, 2018. "Optimal insurance design under background risk with dependence," Insurance: Mathematics and Economics, Elsevier, vol. 80(C), pages 15-28.

  30. Edi Karni, 2008. "Agency theory: choice-based foundations of the parametrized distribution formulation," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 36(3), pages 337-351, September.

    Cited by:

    1. Lopomo, Giuseppe & Rigotti, Luca & Shannon, Chris, 2011. "Knightian uncertainty and moral hazard," Journal of Economic Theory, Elsevier, vol. 146(3), pages 1148-1172, May.
    2. James Mirrlees & Roberto Raimondo, 2013. "Strategies in the principal-agent model," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 53(3), pages 605-656, August.

  31. Edi Karni & Tim Salmon & Barry Sopher, 2008. "Individual sense of fairness: an experimental study," Experimental Economics, Springer;Economic Science Association, vol. 11(2), pages 174-189, June.
    See citations under working paper version above.
  32. Edi Karni & Zvi Safra, 2008. "Moral sentiments and social choice," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 30(3), pages 427-446, April.

    Cited by:

    1. Heufer, Jan, 2013. "Quasiconcave preferences on the probability simplex: A nonparametric analysis," Mathematical Social Sciences, Elsevier, vol. 65(1), pages 21-30.

  33. Karni, Edi, 2007. "Archimedean and continuity," Mathematical Social Sciences, Elsevier, vol. 53(3), pages 332-334, May.

    Cited by:

    1. Galaabaatar, Tsogbadral & Khan, M. Ali & Uyanık, Metin, 2019. "Completeness and transitivity of preferences on mixture sets," Mathematical Social Sciences, Elsevier, vol. 99(C), pages 49-62.
    2. Dubra, Juan, 2011. "Continuity and completeness under risk," Mathematical Social Sciences, Elsevier, vol. 61(1), pages 80-81, January.
    3. Metin Uyanik & Aniruddha Ghosh & M. Ali Khan, 2023. "Separately Convex and Separately Continuous Preferences: On Results of Schmeidler, Shafer, and Bergstrom-Parks-Rader," Papers 2310.00531, arXiv.org.
    4. Gerasimou, Georgios, 2015. "(Hemi)continuity of additive preference preorders," Journal of Mathematical Economics, Elsevier, vol. 58(C), pages 79-81.

  34. Gary Charness & Edi Karni & Dan Levin, 2007. "Individual and group decision making under risk: An experimental study of Bayesian updating and violations of first-order stochastic dominance," Journal of Risk and Uncertainty, Springer, vol. 35(2), pages 129-148, October.
    See citations under working paper version above.
  35. Karni, Edi, 2007. "Foundations of Bayesian theory," Journal of Economic Theory, Elsevier, vol. 132(1), pages 167-188, January.
    See citations under working paper version above.
  36. Edi Karni, 2007. "A new approach to modeling decision-making under uncertainty," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 33(2), pages 225-242, November.

    Cited by:

    1. Edi Karni, 2008. "Agency theory: choice-based foundations of the parametrized distribution formulation," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 36(3), pages 337-351, September.

  37. Karni, Edi, 2006. "Subjective expected utility theory without states of the world," Journal of Mathematical Economics, Elsevier, vol. 42(3), pages 325-342, June.
    See citations under working paper version above.
  38. Karni, Edi, 2005. "Subjective expected utility theory with costly actions," Games and Economic Behavior, Elsevier, vol. 50(1), pages 28-41, January.

    Cited by:

    1. Urmee Khan & Martin Dumav, 2018. "Moral Hazard with Non-Additive Uncertainty: When are Actions Implementable?," Working Papers 201808, University of California at Riverside, Department of Economics.

  39. Karni, Edi & Postlewaite, Andrew, 2005. "David Schmeidler," Games and Economic Behavior, Elsevier, vol. 50(1), pages 1-2, January.

    Cited by:

    1. Simon Grant & Edi Karni, 2005. "Why Does It Matter That Beliefs And Valuations Be Correctly Represented?," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 46(3), pages 917-934, August.
    2. Itzhak Gilboa & Andrew Postlewaite & David Schmeidler, 2007. "Probabilities in Economic Modeling," Levine's Bibliography 843644000000000357, UCLA Department of Economics.
    3. Gabrielle Demange, 2004. "On group stability in hierarchies and networks," Post-Print halshs-00581662, HAL.
    4. Marciano Siniscalchi, 2006. "Dynamic Choice Under Ambiguity," Discussion Papers 1430, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    5. Avdagic, Sabina, 2006. "One Path or Several? Understanding the Varied Development of Tripartism in New European Capitalisms," MPIfG Discussion Paper 06/5, Max Planck Institute for the Study of Societies.
    6. Leonid Hurwicz, 1994. "Economic design, adjustment processes, mechanisms, and institutions," Review of Economic Design, Springer;Society for Economic Design, vol. 1(1), pages 1-14, December.
    7. Itzhak Gilboa & Andrew Postlewaite & David Schmeidler, 2007. "Probability and Uncertainty in Economic Modeling, Second Version," PIER Working Paper Archive 08-002, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 28 Jan 2008.

  40. Simon Grant & Edi Karni, 2005. "Why Does It Matter That Beliefs And Valuations Be Correctly Represented?," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 46(3), pages 917-934, August.
    See citations under working paper version above.
  41. Karni, Edi, 2004. "Additive representations over actions and acts," Mathematical Social Sciences, Elsevier, vol. 48(2), pages 113-119, September.

    Cited by:

    1. Nobuo Koida, 2021. "Intransitive indifference with direction-dependent sensitivity," KIER Working Papers 1061, Kyoto University, Institute of Economic Research.
    2. Cooke, Kevin, 2017. "Preference discovery and experimentation," Theoretical Economics, Econometric Society, vol. 12(3), September.

  42. Grant, Simon & Karni, Edi, 2004. "A theory of quantifiable beliefs," Journal of Mathematical Economics, Elsevier, vol. 40(5), pages 515-546, August.

    Cited by:

    1. Simon Grant & Edi Karni, 2005. "Why Does It Matter That Beliefs And Valuations Be Correctly Represented?," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 46(3), pages 917-934, August.
    2. Jean Baccelli, 2015. "Do Bets Reveal Beliefs?," Post-Print hal-01462293, HAL.
    3. Izhakian, Yehuda, 2020. "A theoretical foundation of ambiguity measurement," Journal of Economic Theory, Elsevier, vol. 187(C).
    4. Edi Karni, 2005. "Foundations of Bayesian Theory," Economics Working Paper Archive 524, The Johns Hopkins University,Department of Economics.
    5. Izhakian, Yehuda, 2017. "Expected utility with uncertain probabilities theory," Journal of Mathematical Economics, Elsevier, vol. 69(C), pages 91-103.
    6. Robert G. Chambers & John Quiggin, 2005. "Comparative Risk Aversion for State-Dependent Preferences," Risk & Uncertainty Working Papers WP5R05, Risk and Sustainable Management Group, University of Queensland.
    7. Simon Grant & Atsushi Kajii, 2005. "Probabilistically Sophisticated Multiple Priors," KIER Working Papers 608, Kyoto University, Institute of Economic Research.
    8. Nehring, Klaus, 2009. "Imprecise probabilistic beliefs as a context for decision-making under ambiguity," Journal of Economic Theory, Elsevier, vol. 144(3), pages 1054-1091, May.
    9. Klaus Nehring, 2006. "Decision-Making in the Context of Imprecise Probabilistic Beliefs," Economics Working Papers 0034, Institute for Advanced Study, School of Social Science.
    10. Grant, Simon & Karni, Edi, 2001. "On the equivalence of preferences," Economics Letters, Elsevier, vol. 70(3), pages 341-348, March.

  43. Karni, Edi, 2003. "On the Representation of Beliefs by Probabilities," Journal of Risk and Uncertainty, Springer, vol. 26(1), pages 17-38, January.

    Cited by:

    1. Simon Grant & Edi Karni, 2005. "Why Does It Matter That Beliefs And Valuations Be Correctly Represented?," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 46(3), pages 917-934, August.
    2. Edi Karni, 2008. "Agency theory: choice-based foundations of the parametrized distribution formulation," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 36(3), pages 337-351, September.
    3. Edi Karni, 2005. "Foundations of Bayesian Theory," Economics Working Paper Archive 524, The Johns Hopkins University,Department of Economics.
    4. Edi Karni, 2007. "Bayesian Decision Theory and the Representation of Beliefs," Discussion Paper Series dp444, The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem.
    5. Karni, Edi, 2005. "Subjective expected utility theory with costly actions," Games and Economic Behavior, Elsevier, vol. 50(1), pages 28-41, January.
    6. Pavlo Blavatskyy, 2013. "A Simple Behavioral Characterization of Subjective Expected Utility," Operations Research, INFORMS, vol. 61(4), pages 932-940, August.
    7. Kirsten Rohde, 2010. "The hyperbolic factor: A measure of time inconsistency," Journal of Risk and Uncertainty, Springer, vol. 41(2), pages 125-140, October.

  44. Edi Karni, 2003. "Impartiality and interpersonal comparisons of variations in well-being," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 21(1), pages 95-111, August.

    Cited by:

    1. Stefan Mann, 2007. "Comparing Interpersonal Comparisons in Utility Theory and Happiness Research," Forum for Social Economics, Taylor & Francis Journals, vol. 36(1), pages 29-42, January.
    2. Thibault Gajdos & Feriel Kandil, 2008. "The ignorant observer," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 31(2), pages 193-232, August.
    3. Marc Fleurbaey & Stéphane Zuber, 2021. "Fair Utilitarianism," Post-Print halshs-01441070, HAL.
    4. Manel Baucells & Lloyd S. Shapley, 2000. "Multiperson Utility," Econometric Society World Congress 2000 Contributed Papers 0078, Econometric Society.
    5. Marcus Pivato, 2009. "Twofold optimality of the relative utilitarian bargaining solution," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 32(1), pages 79-92, January.
    6. Juan Moreno-Ternero & John E. Roemer, 2004. "Impartiality and Priority. Part 1: The Veil of Ignorance," Cowles Foundation Discussion Papers 1477A, Cowles Foundation for Research in Economics, Yale University, revised May 2005.
    7. Ma, Sinong & Safra, Zvi, 2016. "Fairness and Utilitarianism without Independence," CRETA Online Discussion Paper Series 20, Centre for Research in Economic Theory and its Applications CRETA.

  45. Edi Karni & Zvi Safra, 2002. "Individual Sense of Justice: A Utility Representation," Econometrica, Econometric Society, vol. 70(1), pages 263-284, January.

    Cited by:

    1. Elena Cettolin & Arno Riedl, 2013. "Justice under Uncertainty," CESifo Working Paper Series 4326, CESifo.
    2. Kircher, Philipp & Sandroni, Alvaro & Ludwig, Sandra, 2009. "Fairness: A Critique to the Utilitarian Approach," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 288, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
    3. Fisman, Raymond & Kariv, Shachar & Markovitz, Daniel, 2005. "Distinguishing Social Preferences from Preferences for Altruism," Department of Economics, Working Paper Series qt9q26c4fr, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
    4. Christina Letsou & Shlomo Naeh & Uzi Segal, 2020. "All probabilities are equal, but some probabilities are more equal than others," Boston College Working Papers in Economics 998, Boston College Department of Economics.
    5. Heufer, Jan, 2013. "Quasiconcave preferences on the probability simplex: A nonparametric analysis," Mathematical Social Sciences, Elsevier, vol. 65(1), pages 21-30.
    6. Conchita D’Ambrosio & Joachim R. Frick, 2007. "Individual Well-Being in a Dynamic Perspective," Working Papers 64, ECINEQ, Society for the Study of Economic Inequality.
    7. Fudenberg, Drew & Levine, David K., 2012. "Fairness, risk preferences and independence: Impossibility theorems," Journal of Economic Behavior & Organization, Elsevier, vol. 81(2), pages 606-612.
    8. Luciano Andreozzi & Matteo Ploner & Ivan Soraperra, 2013. "Justice among strangers. On altruism, inequality aversion and fairness," CEEL Working Papers 1304, Cognitive and Experimental Economics Laboratory, Department of Economics, University of Trento, Italia.
    9. Abhinash Borah, 2019. "Voting Expressively," Working Papers 08, Ashoka University, Department of Economics.
    10. Geoffroy de Clippel & Kareen Rozen, 2013. "Fairness through the Lens of Cooperative Game Theory: An Experimental Approach," Cowles Foundation Discussion Papers 1925, Cowles Foundation for Research in Economics, Yale University.
    11. Gianluca Grimalda & Anirban Kar & Eugenio Proto, 2012. "Everyone Wants a Chance: Initial Positions and Fairness in Ultimatum Games," Working Papers 2012/21, Economics Department, Universitat Jaume I, Castellón (Spain).
    12. Grimalda, Gianluca & Farina, Francesco & Schmidt, Ulrich, 2018. "Preferences for redistribution in the US, Italy, Norway: An experiment study," Kiel Working Papers 2099, Kiel Institute for the World Economy (IfW Kiel).
    13. Juan Perote Peña, 2003. "Ethical Implementation and the Creation of Moral Values," Economic Working Papers at Centro de Estudios Andaluces E2003/25, Centro de Estudios Andaluces.
    14. Stefan Trautmann, 2010. "Individual fairness in Harsanyi’s utilitarianism: operationalizing all-inclusive utility," Theory and Decision, Springer, vol. 68(4), pages 405-415, April.
    15. Abhinash Borah, 2019. "Individual Sense of Justice and Harsanyi's Impartial Observer," Working Papers 12, Ashoka University, Department of Economics.
    16. Jeffrey Wagner & Luiz Freitas, 2007. "Capturing moral economic context," Economics Bulletin, AccessEcon, vol. 4(14), pages 1-10.
    17. David Heyd & Uzi Segal, 2006. "Democratically Elected Aristocracies," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 27(1), pages 103-127, August.
    18. Ahrens, Steffen & Snower, Dennis J., 2014. "Envy, guilt, and the Phillips curve," Journal of Economic Behavior & Organization, Elsevier, vol. 99(C), pages 69-84.
    19. Chlass, Nadine & Güth, Werner & Miettinen, Topi, 2009. "Purely Procedural Preferences - Beyond Procedural Equity and Reciprocity," SITE Working Paper Series 3, Stockholm School of Economics, Stockholm Institute of Transition Economics, revised 21 Oct 2014.
    20. Fabio Maccheroni & Massimo Marinacci & Aldo Rustichini, 2012. "Social Decision Theory: Choosing within and between Groups," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 79(4), pages 1591-1636.
    21. Luciano Andreozzi, 2019. "On Being Inequality Averse: Measurement and Behavioral Characterization," DEM Working Papers 2019/10, Department of Economics and Management.
    22. Ismael Rodriguez-Lara & Luis Moreno-Garrido, 2012. "Self-interest and fairness: self-serving choices of justice principles," Experimental Economics, Springer;Economic Science Association, vol. 15(1), pages 158-175, March.
    23. Gianluca Grimalda & Anirban Kar & Eugenio Proto, 2016. "Procedural fairness in lotteries assigning initial roles in a dynamic setting," Experimental Economics, Springer;Economic Science Association, vol. 19(4), pages 819-841, December.
    24. Simon Grant & Atsushi Kajii & Ben Polak & Zvi Safra, 2006. "Generalized Utilitarianism and Harsanyi’s Partial Observer Theorem," Cowles Foundation Discussion Papers 1578, Cowles Foundation for Research in Economics, Yale University.
    25. Francesco Bogliacino & Laura Jiménez & Gianluca Grimalda, 2015. "Consultative, Democracy and Trust," Documentos de Trabajo, Escuela de Economía 12696, Universidad Nacional de Colombia, FCE, CID.
    26. Tigran Melkonyan & Zvi Safra & Sinong Ma, 2021. "Justice in an uncertain world: Evidence on donations to cancer research," Journal of Risk and Uncertainty, Springer, vol. 62(3), pages 281-311, June.
    27. Kobberling, Veronika & Wakker, Peter P., 2005. "An index of loss aversion," Journal of Economic Theory, Elsevier, vol. 122(1), pages 119-131, May.
    28. Thomas Kourouxous & Thomas Bauer, 2019. "Violations of dominance in decision-making," Business Research, Springer;German Academic Association for Business Research, vol. 12(1), pages 209-239, April.
    29. Mehmet S. Ismail & Ronald Peeters, 2023. "Social preferences and expected utility," Papers 2312.06048, arXiv.org.
    30. Olivier Chanel & Stephane Luchini & Alain Panaponaris & Christel Protière & Jean-Christophe Vergnaud, 2004. "Les consentements à payer pour des programmes de prévention sanitaire incluent-ils de l'altruisme ? Enseignements d'une enquête sur la fièvre Q," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00150088, HAL.
    31. Gagnon, Nickolas & Bosmans, Kristof & Riedl, Arno, 2020. "The Effect of Unfair Chances and Gender Discrimination on Labor Supply," IZA Discussion Papers 12912, Institute of Labor Economics (IZA).
    32. Charles Blackorby & David Donaldson & Philippe Mongin, 2004. "Social Aggregation Without the Expected Utility Hypothesis," Working Papers hal-00242932, HAL.
    33. Heufer, Jan, 2014. "Nonparametric comparative revealed risk aversion," Journal of Economic Theory, Elsevier, vol. 153(C), pages 569-616.
    34. Alon Harel & Zvi Safra & Uzi Segal, 2003. "Ex-Post Egalitarianism," Boston College Working Papers in Economics 563, Boston College Department of Economics.
    35. Simon Grant & Atsushi Kajii & Ben Polak, 2003. "Accidents of Birth, Life Chances and the Impartial Observer," ISER Discussion Paper 0582, Institute of Social and Economic Research, Osaka University.
    36. Mughal, Adil Ahmad, 2022. "The Moral Theory of Value ; A Gift Lemma," MPRA Paper 114825, University Library of Munich, Germany.
    37. Nicolas Houy, 2004. "A note on the impossibility of a set of constitutions stable at different levels," Cahiers de la Maison des Sciences Economiques v04039, Université Panthéon-Sorbonne (Paris 1).
    38. Martin Sandbu, 2008. "Axiomatic foundations for fairness-motivated preferences," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 31(4), pages 589-619, December.
    39. Matthijs van Veelen, 2002. "Altruism, Fairness and Evolution: the Case for Repeated Stochastic Games," Tinbergen Institute Discussion Papers 02-111/1, Tinbergen Institute.
    40. Alon, Shiri & Lehrer, Ehud, 2020. "Subjective utilitarianism: Individual decisions in a social context," Journal of Economic Theory, Elsevier, vol. 190(C).
    41. Ma, Sinong & Safra, Zvi, 2016. "Fairness and Utilitarianism without Independence," CRETA Online Discussion Paper Series 20, Centre for Research in Economic Theory and its Applications CRETA.
    42. David Austen-Smith & Tim Feddersen, 2002. "Deliberation and Voting Rules," Discussion Papers 1359, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    43. Bogliacino, Francesco & Grimalda, Gianluca & Jimenez, Laura, 2017. "Consultative Democracy & Trust," MPRA Paper 82138, University Library of Munich, Germany.
    44. Freitas, Luiz & Wagner, Jeffrey, 2009. "The uncertain moral context of price changes," Ecological Economics, Elsevier, vol. 68(4), pages 1100-1105, February.
    45. Kim C. Border & Paolo Ghirardato & Uzi Segal, 2005. "Objective Subjective Probabilities," Boston College Working Papers in Economics 616, Boston College Department of Economics, revised 07 Dec 2005.
    46. Seiji TAKANASHI, 2021. "Ex post fairness and ex ante fairness in social preferences under risk," Discussion papers e-20-006, Graduate School of Economics , Kyoto University.
    47. Dino Borie, 2012. "Social Decision Theory and Non-strategic Behaviour," GREDEG Working Papers 2012-10, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    48. Edi Karni & Zvi Safra, 2003. "Moral Sentiments and Social Choice: Fairness Considerations in University Admissions," Economics Working Paper Archive 492, The Johns Hopkins University,Department of Economics.
    49. Lionel Page & Daniel G. Goldstein, 2016. "Subjective beliefs about the income distribution and preferences for redistribution," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 47(1), pages 25-61, June.
    50. Bin Miao & Songfa Zhong, 2018. "Probabilistic social preference: how Machina’s Mom randomizes her choice," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 65(1), pages 1-24, January.

  46. Karni, Edi & Safra, Zvi, 2002. "Intensity of the Sense of Fairness: Measurement and Behavioral Characterization," Journal of Economic Theory, Elsevier, vol. 105(2), pages 318-337, August.

    Cited by:

    1. Edi Karni & Tim Salmon & Barry Sopher, 2008. "Individual sense of fairness: an experimental study," Experimental Economics, Springer;Economic Science Association, vol. 11(2), pages 174-189, June.
    2. Heufer, Jan, 2013. "Quasiconcave preferences on the probability simplex: A nonparametric analysis," Mathematical Social Sciences, Elsevier, vol. 65(1), pages 21-30.
    3. Luciano Andreozzi, 2019. "On Being Inequality Averse: Measurement and Behavioral Characterization," DEM Working Papers 2019/10, Department of Economics and Management.
    4. Daskalopoulou, Irene, 2008. "Fairness perceptions and observed consumer behavior: Results of a partial observability model," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(1), pages 31-44, February.
    5. Heufer, Jan, 2014. "Nonparametric comparative revealed risk aversion," Journal of Economic Theory, Elsevier, vol. 153(C), pages 569-616.
    6. Edi Karni & Zvi Safra, 2008. "Moral sentiments and social choice," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 30(3), pages 427-446, April.

  47. Edi Karni & Itzhak Zilcha, 2000. "Saving behavior in stationary equilibrium with random discounting," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 15(3), pages 551-564.
    See citations under working paper version above.
  48. Karni, Edi & Safra, Zvi, 2000. "An extension of a theorem of von Neumann and Morgenstern with an application to social choice theory," Journal of Mathematical Economics, Elsevier, vol. 34(3), pages 315-327, November.

    Cited by:

    1. O’Callaghan, Patrick H., 2018. "Axioms for measuring utility on partial mixture sets," Journal of Mathematical Economics, Elsevier, vol. 77(C), pages 76-86.
    2. O'Callaghan, Patrick, 2016. "Measuring utility without mixing apples and oranges and eliciting beliefs about stock prices," MPRA Paper 69363, University Library of Munich, Germany.
    3. Sinong Ma & Zvi Safra, 2019. "Fairness and utilitarianism without independence," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 67(1), pages 29-52, February.
    4. Thibault Gajdos & Feriel Kandil, 2008. "The ignorant observer," Post-Print halshs-00177374, HAL.
    5. Abhinash Borah, 2019. "Individual Sense of Justice and Harsanyi's Impartial Observer," Working Papers 12, Ashoka University, Department of Economics.
    6. Thibault Gajdos & Feriel Kandil, 2008. "The ignorant observer," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 31(2), pages 193-232, August.
    7. Edi Karni, 2009. "A theory of medical decision making under uncertainty," Journal of Risk and Uncertainty, Springer, vol. 39(1), pages 1-16, August.
    8. Karni, Edi, 2005. "Subjective expected utility theory with costly actions," Games and Economic Behavior, Elsevier, vol. 50(1), pages 28-41, January.
    9. Simon Grant & Atsushi Kajii & Ben Polak & Zvi Safra, 2006. "Generalized Utilitarianism and Harsanyi’s Partial Observer Theorem," Cowles Foundation Discussion Papers 1578, Cowles Foundation for Research in Economics, Yale University.
    10. Karni, Edi & Safra, Zvi, 2022. "Hybrid decision model and the ranking of experiments," Journal of Mathematical Economics, Elsevier, vol. 101(C).
    11. O’Callaghan, Patrick, 2011. "Context and Decision: Utility on a Union of Mixture Spaces," The Warwick Economics Research Paper Series (TWERPS) 973, University of Warwick, Department of Economics.
    12. Simon Grant & Atsushi Kajii & Ben Polak, 2003. "Accidents of Birth, Life Chances and the Impartial Observer," ISER Discussion Paper 0582, Institute of Social and Economic Research, Osaka University.
    13. O'Callaghan, Patrick, 2011. "Context and Decision: Utility on a Union of Mixture Spaces," Economic Research Papers 270751, University of Warwick - Department of Economics.
    14. Thibault Gajdos & Feriel Kandil, 2006. "The Ignorant Observer," Post-Print halshs-00115722, HAL.
    15. O'Callaghan, Patrick, 2017. "Axioms for Measuring without mixing apples and Oranges," MPRA Paper 81196, University Library of Munich, Germany.
    16. Grant, Simon & Kajii, A. & Polak, B., 2002. "Accident of Birth, Life Chances adn the Impartial Observer," Working Papers 2002-08, Rice University, Department of Economics.
    17. Jean Fernand Nguema, 2003. "Sense of impartiality," Economics Bulletin, AccessEcon, vol. 4(31), pages 1-7.

  49. Edi Karni & Philippe Mongin, 2000. "On the Determination of Subjective Probability by Choices," Management Science, INFORMS, vol. 46(2), pages 233-248, February.
    See citations under working paper version above.
  50. Edi Karni, 1999. "Optimal Unemployment Insurance: A Survey," Southern Economic Journal, John Wiley & Sons, vol. 66(2), pages 442-465, October.

    Cited by:

    1. Hagedorn, Marcus & Kaul, Ashok & Mennel, Tim, 2010. "An adverse selection model of optimal unemployment insurance," Journal of Economic Dynamics and Control, Elsevier, vol. 34(3), pages 490-502, March.
    2. Boadway,Robin & Cuff,Katherine, 2022. "Tax Policy," Cambridge Books, Cambridge University Press, number 9781108949453.

  51. Karni, Edi, 1999. "Elicitation of Subjective Probabilities When Preferences Are State-Dependent," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 40(2), pages 479-486, May.

    Cited by:

    1. Itzhak Gilboa & Andrew Postlewaite & David Schmeidler, 2007. "Probabilities in Economic Modeling," Levine's Bibliography 843644000000000357, UCLA Department of Economics.
    2. Armantier, Olivier & Treich, Nicolas, 2010. "Eliciting Beliefs: Proper Scoring Rules, Incentives, Stakes and Hedging," LERNA Working Papers 10.26.332, LERNA, University of Toulouse.
    3. Aldo Montesano, 2019. "On some aspects of decision theory under uncertainty: rationality, price-probabilities and the Dutch book argument," Theory and Decision, Springer, vol. 87(1), pages 57-85, July.
    4. Nicolas Jacquemet & Jean-Louis Rullière & Isabelle Vialle, 2008. "Monitoring optimistic agents," PSE-Ecole d'économie de Paris (Postprint) halshs-00272928, HAL.
    5. Karl Schlag & James Tremewan & Joel von der Weele, 2014. "A Penny for your Thoughts: A Survey of Methods of Eliciting Beliefs," Vienna Economics Papers vie1401, University of Vienna, Department of Economics.
    6. Steffen Andersen & John Fountain & Glenn Harrison & E. Rutström, 2014. "Estimating subjective probabilities," Journal of Risk and Uncertainty, Springer, vol. 48(3), pages 207-229, June.
    7. Robert G. Chambers & John Quiggin, 2005. "Comparative Risk Aversion for State-Dependent Preferences," Risk & Uncertainty Working Papers WP5R05, Risk and Sustainable Management Group, University of Queensland.
    8. Li Hao & Daniel Houser, 2012. "Belief elicitation in the presence of naïve respondents: An experimental study," Journal of Risk and Uncertainty, Springer, vol. 44(2), pages 161-180, April.
    9. Mariana Blanco & Dirk Engelmann & Alexander Koch & Hans-Theo Normann, 2010. "Belief elicitation in experiments: is there a hedging problem?," Experimental Economics, Springer;Economic Science Association, vol. 13(4), pages 412-438, December.
    10. Robert Chambers & Tigran Melkonyan, 2008. "Eliciting beliefs," Theory and Decision, Springer, vol. 65(4), pages 271-284, December.
    11. Karni, Edi, 2008. "Unknowable states and choice-based definitions of subjective probabilities," Economics Letters, Elsevier, vol. 99(3), pages 534-536, June.
    12. Tsakas, Elias, 2018. "Robust scoring rules," Research Memorandum 023, Maastricht University, Graduate School of Business and Economics (GSBE).
    13. Peter P. Wakker & Sylvia J. T. Jansen & Anne M. Stiggelbout, 2004. "Anchor Levels as a New Tool for the Theory and Measurement of Multiattribute Utility," Decision Analysis, INFORMS, vol. 1(4), pages 217-234, December.

  52. Jaffray, Jean-Yves & Karni, Edi, 1999. "Elicitation of Subjective Probabilities When the Initial Endowment is Unobservable," Journal of Risk and Uncertainty, Springer, vol. 18(1), pages 5-20, April.

    Cited by:

    1. Elias Tsakas, 2022. "Belief identification with state-dependent utilities," Papers 2203.10505, arXiv.org, revised Nov 2022.
    2. Armantier, Olivier & Treich, Nicolas, 2010. "Eliciting Beliefs: Proper Scoring Rules, Incentives, Stakes and Hedging," LERNA Working Papers 10.26.332, LERNA, University of Toulouse.
    3. Aldo Montesano, 2019. "On some aspects of decision theory under uncertainty: rationality, price-probabilities and the Dutch book argument," Theory and Decision, Springer, vol. 87(1), pages 57-85, July.
    4. Karl Schlag & James Tremewan & Joel von der Weele, 2014. "A Penny for your Thoughts: A Survey of Methods of Eliciting Beliefs," Vienna Economics Papers vie1401, University of Vienna, Department of Economics.
    5. Steffen Andersen & John Fountain & Glenn Harrison & E. Rutström, 2014. "Estimating subjective probabilities," Journal of Risk and Uncertainty, Springer, vol. 48(3), pages 207-229, June.
    6. Elias Tsakas, 2021. "Identification of misreported beliefs," Papers 2112.12975, arXiv.org.
    7. Li Hao & Daniel Houser, 2012. "Belief elicitation in the presence of naïve respondents: An experimental study," Journal of Risk and Uncertainty, Springer, vol. 44(2), pages 161-180, April.
    8. Terrance Hurley & Jason Shogren, 2005. "An Experimental Comparison of Induced and Elicited Beliefs," Journal of Risk and Uncertainty, Springer, vol. 30(2), pages 169-188, January.
    9. Alvaro Sandroni & Eran Shmaya, 2013. "Eliciting beliefs by paying in chance," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 1(1), pages 33-37, May.
    10. Tsakas, Elias, 2018. "Robust scoring rules," Research Memorandum 023, Maastricht University, Graduate School of Business and Economics (GSBE).
    11. Elias Tsakas, 2023. "Belief identification by proxy," Papers 2311.13394, arXiv.org.
    12. Alvaro Sandroni & Eran Shmaya, 2013. "Eliciting Beliefs by Paying in Chance," Discussion Papers 1565, Northwestern University, Center for Mathematical Studies in Economics and Management Science.

  53. Edi Karni, 1998. "Impartiality: Definition and Representation," Econometrica, Econometric Society, vol. 66(6), pages 1405-1416, November.

    Cited by:

    1. Biung-Ghi Ju & Juan D. Moreno-Ternero, 2021. "Taxation behind the veil of ignorance," Working Papers 21.10, Universidad Pablo de Olavide, Department of Economics.
    2. Uzi Segal & Joel Sobel, 2001. "Min, Max, and Sum," Boston College Working Papers in Economics 512, Boston College Department of Economics.
    3. Steven D. Levitt & John A. List, 2007. "Viewpoint: On the generalizability of lab behaviour to the field," Canadian Journal of Economics, Canadian Economics Association, vol. 40(2), pages 347-370, May.
    4. Omer F. Baris, 2018. "Timing effect in bargaining and ex ante efficiency of the relative utilitarian solution," Theory and Decision, Springer, vol. 84(4), pages 547-556, June.
    5. Yves Sprumont, 2013. "On relative egalitarianism," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 40(4), pages 1015-1032, April.
    6. Liang, Che-Yuan, 2013. "Optimal Inequality behind the Veil of Ignorance," Working Paper Series 2013:7, Uppsala University, Department of Economics.
    7. Matías Núñez & Jean Laslier, 2014. "Preference intensity representation: strategic overstating in large elections," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 42(2), pages 313-340, February.
    8. Uzi Segal, 2000. "Let's Agree That All Dictatorships Are Equally Bad," Journal of Political Economy, University of Chicago Press, vol. 108(3), pages 569-589, June.
    9. Florian Brandl, 2020. "Belief-Averaged Relative Utilitarianism," Papers 2005.03693, arXiv.org, revised Aug 2021.
    10. Stéphane Zuber & Marc Fleurbaey, 2017. "Fair management of social risk," PSE-Ecole d'économie de Paris (Postprint) halshs-01503848, HAL.
    11. Sinong Ma & Zvi Safra, 2019. "Fairness and utilitarianism without independence," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 67(1), pages 29-52, February.
    12. Jeffrey Wagner & Luiz Freitas, 2007. "Capturing moral economic context," Economics Bulletin, AccessEcon, vol. 4(14), pages 1-10.
    13. David Heyd & Uzi Segal, 2006. "Democratically Elected Aristocracies," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 27(1), pages 103-127, August.
    14. SPRUMONT, Yves, 2018. "Belief-weighted Nash aggregation of Savage preferences," Cahiers de recherche 2018-15, Universite de Montreal, Departement de sciences economiques.
    15. Tilman Börgers & Yan-Min Choo, 2017. "Revealed Relative Utilitarianism," CESifo Working Paper Series 6613, CESifo.
    16. Thibault Gajdos & Feriel Kandil, 2008. "The ignorant observer," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 31(2), pages 193-232, August.
    17. Yves Sprumont, 2020. "Nash welfarism and the distributive implications of informational constraints," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 8(1), pages 49-64, April.
    18. Marc Fleurbaey & Stéphane Zuber, 2021. "Fair Utilitarianism," Post-Print halshs-01441070, HAL.
    19. Marcus Pivato, 2009. "Twofold optimality of the relative utilitarian bargaining solution," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 32(1), pages 79-92, January.
    20. Pivato, Marcus, 2006. "Approximate implementation of Relative Utilitarianism via Groves-Clarke pivotal voting with virtual money," MPRA Paper 627, University Library of Munich, Germany.
    21. Juan Moreno-Ternero & John E. Roemer, 2004. "Impartiality and Priority. Part 1: The Veil of Ignorance," Cowles Foundation Discussion Papers 1477A, Cowles Foundation for Research in Economics, Yale University, revised May 2005.
    22. Yves Sprumont, 2019. "Relative utilitarianism under uncertainty," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 53(4), pages 621-639, December.
    23. Marc Fleurbaey, 2018. "Welfare economics, risk and uncertainty," Canadian Journal of Economics, Canadian Economics Association, vol. 51(1), pages 5-40, February.
    24. Al-Najjar, Nabil I. & Pomatto, Luciano, 2020. "Aggregate risk and the Pareto principle," Journal of Economic Theory, Elsevier, vol. 189(C).
    25. Brandl, Florian, 2021. "Belief-averaging and relative utilitarianism," Journal of Economic Theory, Elsevier, vol. 198(C).
    26. Thibault Gajdos & Feriel Kandil, 2006. "The Ignorant Observer," Post-Print halshs-00115722, HAL.
    27. Pivato, Marcus, 2007. "A non-monetary form of Clarke pivotal voting," MPRA Paper 3964, University Library of Munich, Germany.
    28. Sobel, Joel, 2001. "Manipulation of Preferences and Relative Utilitarianism," Games and Economic Behavior, Elsevier, vol. 37(1), pages 196-215, October.

  54. Edi Karni & John A. Weymark, 1998. "An informationally parsimonious impartial observer theorem," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 15(3), pages 321-332.

    Cited by:

    1. Biung-Ghi Ju & Juan D. Moreno-Ternero, 2021. "Taxation behind the veil of ignorance," Working Papers 21.10, Universidad Pablo de Olavide, Department of Economics.
    2. P. Mongin., 1999. "The impartial observer theorem of social ethics," THEMA Working Papers 99-33, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    3. Grant, Simon & Kajii, Atsushi & Polak, Ben & Safra, Zvi, 2012. "Equally-distributed equivalent utility, ex post egalitarianism and utilitarianism," Journal of Economic Theory, Elsevier, vol. 147(4), pages 1545-1571.
    4. Uzi Segal, 2000. "Let's Agree That All Dictatorships Are Equally Bad," Journal of Political Economy, University of Chicago Press, vol. 108(3), pages 569-589, June.
    5. Thibault Gajdos & Feriel Kandil, 2008. "The ignorant observer," Post-Print halshs-00177374, HAL.
    6. Thibault Gajdos & Feriel Kandil, 2008. "The ignorant observer," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 31(2), pages 193-232, August.
    7. Marcus Pivato, 2009. "Twofold optimality of the relative utilitarian bargaining solution," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 32(1), pages 79-92, January.
    8. Marc Fleurbaey, 2018. "Welfare economics, risk and uncertainty," Canadian Journal of Economics, Canadian Economics Association, vol. 51(1), pages 5-40, February.
    9. Simon Grant & Atsushi Kajii & Ben Polak, 2003. "Accidents of Birth, Life Chances and the Impartial Observer," ISER Discussion Paper 0582, Institute of Social and Economic Research, Osaka University.
    10. Thibault Gajdos & Feriel Kandil, 2006. "The Ignorant Observer," Post-Print halshs-00115722, HAL.
    11. Grant, Simon & Kajii, A. & Polak, B., 2002. "Accident of Birth, Life Chances adn the Impartial Observer," Working Papers 2002-08, Rice University, Department of Economics.

  55. W. Henry Chiu & Edi Karni, 1998. "Endogenous Adverse Selection and Unemployment Insurance," Journal of Political Economy, University of Chicago Press, vol. 106(4), pages 806-827, August.

    Cited by:

    1. Andreas Pollak, 2004. "Optimal Unemployment Insurance with Variable Skill Levels," Labor and Demography 0409004, University Library of Munich, Germany.
    2. Daron Acemoglu & Robert Shimer, 1999. "Productivity Gains from Unemployment Insurance," Working papers 99-29, Massachusetts Institute of Technology (MIT), Department of Economics.
    3. Yann Algan & Pierre Cahuc, 2006. "Civic Attitudes and the Design of Labour Market Institutions: Which Countries Can Implement the Danish Flexicurity Model?," Sciences Po publications 5489, Sciences Po.
    4. Claus Thustrup Kreiner & Søren Leth-Petersen & Louise Charlotte Willerslev-Olsen, 2020. "Financial Trouble Across Generations: Evidence from the Universe of Personal Loans in Denmark," The Economic Journal, Royal Economic Society, vol. 130(625), pages 233-262.
    5. Wonik Kim, 2007. "Social Risk and Social Insurance," Rationality and Society, , vol. 19(2), pages 229-254, May.
    6. B. Dormont & D. Fougère & A. Prieto, 2001. "L'effet de l'allocation unique dégressive sur la reprise d'emploi," THEMA Working Papers 2001-05, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    7. Cahuc, Pierre & Zylberberg, André, 2008. "Optimum income taxation and layoff taxes," Journal of Public Economics, Elsevier, vol. 92(10-11), pages 2003-2019, October.
    8. Burkhard Heer, 2006. "Should Unemployment Benefits Be Related to Previous Earnings?," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 62(4), pages 530-550, December.
    9. Yann Algan & Pierre Cahuc, 2009. "Civic Vitue and Labor Market Institutions," Post-Print hal-00812847, HAL.
    10. Nick Netzer & Florian Scheuer, 2010. "Competitive Markets without Commitment," NajEcon Working Paper Reviews 814577000000000462, www.najecon.org.
    11. Rafael Di Tella & Robert MacCulloch, 2002. "Informal Family Insurance And The Design Of The Welfare State," Economic Journal, Royal Economic Society, vol. 112(481), pages 481-503, July.
    12. Fredriksson, Peter & Holmlund, Bertil, 2003. "Improving incentives in unemployment insurance: A review of recent research," Working Paper Series 2003:5, IFAU - Institute for Evaluation of Labour Market and Education Policy.
    13. Koeniger, Winfried, 2001. "Labor and Financial Market Interactions: The Case of Labor Income Risk and Car Insurance in the UK 1969-95," IZA Discussion Papers 240, Institute of Labor Economics (IZA).
    14. Jang, Bong-Gyu & Park, Seyoung & Rhee, Yuna, 2013. "Optimal retirement with unemployment risks," Journal of Banking & Finance, Elsevier, vol. 37(9), pages 3585-3604.
    15. Mette Ejrnaes & Stefan Hochguertel, 2008. "Entrepreneurial Moral Hazard in Income Insurance," Tinbergen Institute Discussion Papers 08-065/3, Tinbergen Institute, revised 12 Aug 2011.
    16. Lester Lusher & Geoffrey C. Schnorr & Rebecca L.C. Taylor, 2022. "Unemployment Insurance as a Worker Indiscipline Device? Evidence from Scanner Data," American Economic Journal: Applied Economics, American Economic Association, vol. 14(2), pages 285-319, April.
    17. Helge Sanner, 2001. "Regional Unemployment Insurance," Volkswirtschaftliche Diskussionsbeiträge 41, Universität Potsdam, Wirtschafts- und Sozialwissenschaftliche Fakultät.
    18. Claus T. Hansen & Torben Tranaes, 2000. "Optimal Workfare in a Society of Workers and Non-Workers," Econometric Society World Congress 2000 Contributed Papers 0758, Econometric Society.
    19. Chahad, José Paulo Zeetano & Fernandes, Reynaldo, 2002. "Unemployment insurance and transitions in the labor market: An evaluation of the Brazilian program," Brazilian Review of Econometrics, Sociedade Brasileira de Econometria - SBE, vol. 22(2), November.
    20. Di Tella, Rafael & MacCulloch, Robert, 2006. "Europe vs America: Institutional hysteresis in a simple normative model," Journal of Public Economics, Elsevier, vol. 90(12), pages 2161-2186, December.
    21. J. Carter Braxton & Gordon Phillips & Kyle Herkenhoff, 2018. "Can the Unemployed Borrow? Implications for Public Insurance," 2018 Meeting Papers 564, Society for Economic Dynamics.
    22. Fernando Alexandre & Luís Aguiar Conraria & Pedro Bação & Miguel Portela, 2011. "A Poupança em Portugal," GEMF Working Papers 2011-19, GEMF, Faculty of Economics, University of Coimbra.
    23. World Bank, 2001. "Poverty and Income Distribution in a High Growth Economy : The Case of Chile 1987-98, Volume 2. Background Papers," World Bank Publications - Reports 15469, The World Bank Group.
    24. Sonnenholzner, Michael & Wambach, Achim, 2006. "On the role of patience in an insurance market with asymmetric information," CFS Working Paper Series 2007/04, Center for Financial Studies (CFS).
    25. MacCulloch, Robert, 2001. "Does social insurance help secure property rights?," LSE Research Online Documents on Economics 6648, London School of Economics and Political Science, LSE Library.
    26. Lutz, Roman, 2006. "Was spricht eigentlich gegen eine private Arbeitslosenversicherung?," IAB-Discussion Paper 200624, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    27. Edi Karni, 1999. "Optimal Unemployment Insurance: A Survey," Southern Economic Journal, John Wiley & Sons, vol. 66(2), pages 442-465, October.
    28. Castro-Fernandez, Rodriguo & Wodon, Quentin, 2002. "Protecting the Unemployed in Chile: From State Assistance to Individual Insurance?," MPRA Paper 15416, University Library of Munich, Germany.
    29. World Bank, 2002. "Chile's High Growth Economy : Poverty and Income Distribution, 1987-1998," World Bank Publications - Books, The World Bank Group, number 14091, December.
    30. Gwilym Pryce & Margaret Keoghan, 2002. "Unemployment insurance for mortgage borrowers: is it viable and does it cover those most in need?," European Journal of Housing Policy, Taylor and Francis Journals, vol. 2(1), pages 87-114.
    31. Mette Ejrnæs & Stefan Hochguertel, 2022. "Identifying Risk-based Selection in Social Insurance: New Approaches and Findings," Tinbergen Institute Discussion Papers 22-040/V, Tinbergen Institute.
    32. Ping Yan, 2011. "Optimal Unemployment Insurance with Endogenous Search Effort," Annals of Economics and Finance, Society for AEF, vol. 12(2), pages 347-369, November.
    33. Michael J. Roberts & Erik O'Donoghue & Nigel Key, 2014. "Separating Moral Hazard from Adverse Selection: Evidence from the U.S. Federal Crop Insurance Program," Working Papers 201410, University of Hawaii at Manoa, Department of Economics.

  56. Karni, Edi & Chakrabarti, Subir K., 1997. "Political structure, taxes, and trade," Journal of Public Economics, Elsevier, vol. 64(2), pages 241-258, May.

    Cited by:

    1. Laurent Linnemer, 2022. "Doubling Back on Double Marginalization," Working Papers hal-03587415, HAL.
    2. Theodore C. Bergstrom, 2010. "The Uncommon Insight of Elinor Ostrom," Scandinavian Journal of Economics, Wiley Blackwell, vol. 112(2), pages 245-261, June.
    3. Feinberg, Yossi & Kamien, Morton I., 2001. "Highway robbery: complementary monopoly and the hold-up problem," International Journal of Industrial Organization, Elsevier, vol. 19(10), pages 1603-1621, December.
    4. Friberg, R & Tinn, K, 2012. "Holdup and Comparative Advantage," Working Papers 12193, Imperial College, London, Imperial College Business School.
    5. Akinori Tomohara, 2002. "Externalities of Non-Cooperative Tax Policy in the Globally Integrated Market," Economics Working Paper Archive 476, The Johns Hopkins University,Department of Economics.

  57. Karni, Edi, 1996. "Probabilities and Beliefs," Journal of Risk and Uncertainty, Springer, vol. 13(3), pages 249-262, November.

    Cited by:

    1. Simon Grant & Edi Karni, 2005. "Why Does It Matter That Beliefs And Valuations Be Correctly Represented?," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 46(3), pages 917-934, August.
    2. Brian Hill, 2009. "Living without state-independence of utilities," Post-Print hal-00463428, HAL.
    3. Edi Karni & Philippe Mongin, 2000. "On the Determination of Subjective Probability by Choices," Management Science, INFORMS, vol. 46(2), pages 233-248, February.
    4. Enrico Diecidue & Peter Wakker & Marcel Zeelenberg, 2007. "Eliciting decision weights by adapting de Finetti’s betting-odds method to prospect theory," Journal of Risk and Uncertainty, Springer, vol. 34(3), pages 179-199, June.
    5. Itzhak Gilboa & Andrew Postlewaite & Larry Samuelson & David Schmeidler, 2018. "What Are Axiomatizations Good For?," PIER Working Paper Archive 18-026, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 22 Oct 2018.
    6. Itzhak Gilboa & Andrew Postlewaite & David Schmeidler, 2007. "Probabilities in Economic Modeling," Levine's Bibliography 843644000000000357, UCLA Department of Economics.
    7. Philippe Mongin, 2011. "La théorie de la décision et la psychologie du sens commun," Working Papers hal-00579359, HAL.
    8. Hill, Brian, 2010. "An additively separable representation in the Savage framework," Journal of Economic Theory, Elsevier, vol. 145(5), pages 2044-2054, September.
    9. Edi Karni, 2008. "Agency theory: choice-based foundations of the parametrized distribution formulation," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 36(3), pages 337-351, September.
    10. Edi Karni, 2005. "Foundations of Bayesian Theory," Economics Working Paper Archive 524, The Johns Hopkins University,Department of Economics.
    11. Edi Karni, 2009. "A Theory of Bayesian Decision Making," Economics Working Paper Archive 550, The Johns Hopkins University,Department of Economics.
    12. Edi Karni, 2007. "Bayesian Decision Theory and the Representation of Beliefs," Discussion Paper Series dp444, The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem.
    13. Nehring, Klaus, 2009. "Imprecise probabilistic beliefs as a context for decision-making under ambiguity," Journal of Economic Theory, Elsevier, vol. 144(3), pages 1054-1091, May.
    14. Klaus Nehring, 2006. "Decision-Making in the Context of Imprecise Probabilistic Beliefs," Economics Working Papers 0034, Institute for Advanced Study, School of Social Science.
    15. Vorobyev, Oleg, 2009. "Eventology versus contemporary theories of uncertainty," MPRA Paper 13961, University Library of Munich, Germany.
    16. Karni, Edi, 2006. "Subjective expected utility theory without states of the world," Journal of Mathematical Economics, Elsevier, vol. 42(3), pages 325-342, June.
    17. Klaus Nehring, 2006. "Bernoulli Without Bayes: A Theory of Utility-Sophisticated Preferences under Ambiguity," Economics Working Papers 0072, Institute for Advanced Study, School of Social Science.
    18. Peter P. Wakker & Sylvia J. T. Jansen & Anne M. Stiggelbout, 2004. "Anchor Levels as a New Tool for the Theory and Measurement of Multiattribute Utility," Decision Analysis, INFORMS, vol. 1(4), pages 217-234, December.
    19. Grant, Simon & Karni, Edi, 2004. "A theory of quantifiable beliefs," Journal of Mathematical Economics, Elsevier, vol. 40(5), pages 515-546, August.

  58. Edi Karni, 1996. "Social welfare functions and fairness," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 13(4), pages 487-496.

    Cited by:

    1. Volker Hahn, 2007. "Fairness and voting," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 28(4), pages 591-605, June.
    2. Stefan Trautmann, 2010. "Individual fairness in Harsanyi’s utilitarianism: operationalizing all-inclusive utility," Theory and Decision, Springer, vol. 68(4), pages 405-415, April.
    3. Kolm, Serge-Christophe, 1998. "Chance and justice: Social policies and the Harsanyi-Vickrey-Rawls problem," European Economic Review, Elsevier, vol. 42(8), pages 1393-1416, September.
    4. Abhinash Borah, 2019. "Individual Sense of Justice and Harsanyi's Impartial Observer," Working Papers 12, Ashoka University, Department of Economics.
    5. Simon Grant & Atsushi Kajii & Ben Polak & Zvi Safra, 2006. "Generalized Utilitarianism and Harsanyi’s Partial Observer Theorem," Cowles Foundation Discussion Papers 1578, Cowles Foundation for Research in Economics, Yale University.
    6. Simon Grant & Atsushi Kajii & Ben Polak, 2003. "Accidents of Birth, Life Chances and the Impartial Observer," ISER Discussion Paper 0582, Institute of Social and Economic Research, Osaka University.
    7. Edi Karni & Zvi Safra, 2008. "Moral sentiments and social choice," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 30(3), pages 427-446, April.
    8. Grant, Simon & Kajii, A. & Polak, B., 2002. "Accident of Birth, Life Chances adn the Impartial Observer," Working Papers 2002-08, Rice University, Department of Economics.
    9. Edi Karni & Zvi Safra, 2003. "Moral Sentiments and Social Choice: Fairness Considerations in University Admissions," Economics Working Paper Archive 492, The Johns Hopkins University,Department of Economics.

  59. Karni, Edi & Zilcha, Itzhak, 1995. "Technological Progress and Income Inequality," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 5(2), pages 277-294, March.
    See citations under working paper version above.
  60. Karni, Edi & Schlee, Edward E, 1995. "Utility Theory with Probability Dependent Outcome Valuation: Extensions and Applications," Journal of Risk and Uncertainty, Springer, vol. 10(2), pages 127-142, March.

    Cited by:

    1. Pierpaolo Battigalli & Martin Dufwenberg, 2005. "Dynamic Psychological Games," Working Papers 287, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    2. Geiger, Gebhard, 2002. "On the statistical foundations of non-linear utility theory: The case of status quo-dependent preferences," European Journal of Operational Research, Elsevier, vol. 136(2), pages 449-465, January.

  61. Edi Karni, 1995. "Non-Expected Utility and The Robustness of the Classical Insurance Paradigm: Discussion," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 20(1), pages 51-56, June.

    Cited by:

    1. Zvi Safra & Uzi Segal, 2001. "On the Economic Meaning of Machina's Fréchet Differentiability Assumption," Boston College Working Papers in Economics 511, Boston College Department of Economics.
    2. Robert F. Nau, 2003. "A Generalization of Pratt-Arrow Measure to Nonexpected-Utility Preferences and Inseparable Probability and Utility," Management Science, INFORMS, vol. 49(8), pages 1089-1104, August.
    3. Neil A. Doherty & Harris Schlesinger, 2001. "Insurance Contracts and Securitization," CESifo Working Paper Series 559, CESifo.
    4. Chris Starmer, 2000. "Developments in Non-expected Utility Theory: The Hunt for a Descriptive Theory of Choice under Risk," Journal of Economic Literature, American Economic Association, vol. 38(2), pages 332-382, June.
    5. Henri Loubergé, 1998. "Risk and Insurance Economics 25 Years After," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 23(4), pages 540-567, October.

  62. E Karni & E Werczberger, 1995. "The Compromise Criterion in MCDM: Interpretation and Sensitivity to the p Parameter," Environment and Planning B, , vol. 22(4), pages 407-418, August.

    Cited by:

    1. Anna Straton & Sue Jackson & Oswald Marinoni & Wendy Proctor & Emma Woodward, 2011. "Exploring and Evaluating Scenarios for a River Catchment in Northern Australia Using Scenario Development, Multi-criteria Analysis and a Deliberative Process as a Tool for Water Planning," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 25(1), pages 141-164, January.

  63. Karni, Edi & Safra, Zvi, 1994. "Unbounded Behaviorally Consistent Stopping Rules," Journal of Risk and Uncertainty, Springer, vol. 9(3), pages 231-238, December.

    Cited by:

    1. Muller, Alfred, 2000. "Expected utility maximization of optimal stopping problems," European Journal of Operational Research, Elsevier, vol. 122(1), pages 101-114, April.

  64. Karni, Edi & Levin, Dan, 1994. "Social Attributes and Strategic Equilibrium: A Restaurant Pricing Game," Journal of Political Economy, University of Chicago Press, vol. 102(4), pages 822-840, August.

    Cited by:

    1. Emanuela Randon, 2002. "L’analisi positiva dell’esternalità: rassegna della letteratura e nuovi spunti," Working Papers 58, University of Milano-Bicocca, Department of Economics, revised Jun 2002.
    2. Ilya Segal, 1998. "Contracting with Externalities," Public Economics 9802002, University Library of Munich, Germany.
    3. K Kogan & U Spiegel, 2006. "Dynamic zigzag pricing of resalable goods with no depreciation and intergroup externalities," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 57(11), pages 1353-1365, November.
    4. Lu, Chun-Hui & Ueng, K.L. Glen & Chang, Juin-Jen, 2022. "Consumption indivisibility and the optimal tax mix," Economic Modelling, Elsevier, vol. 112(C).
    5. Damiano, Ettore & Li, Hao, 2005. "Competing Matchmaking," Microeconomics.ca working papers damiano-05-01-25-10-08-07, Vancouver School of Economics, revised 18 Oct 2005.
    6. Haomiao Yu, 2014. "Rationalizability in large games," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 55(2), pages 457-479, February.
    7. Khan, M. Ali & Rath, Kali P. & Sun, Yeneng, 1997. "On the Existence of Pure Strategy Equilibria in Games with a Continuum of Players," Journal of Economic Theory, Elsevier, vol. 76(1), pages 13-46, September.
    8. Honda, Jun, 2015. "Games with the Total Bandwagon Property," Department of Economics Working Paper Series 197, WU Vienna University of Economics and Business.
    9. Roe, Brian E. & Teisl, Mario F., 2004. "Consumption Externalities, Information Policies, And Multiple Equilibria: Evidence For Genetically Engineered Food Markets," 2004 Annual meeting, August 1-4, Denver, CO 20243, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    10. Pastine, Tuvana & Pastine, Ivan, 2005. "Coordination in Markets with Consumption Externalities: The Role of Advertising and Product Quality," CEPR Discussion Papers 5152, C.E.P.R. Discussion Papers.
    11. Navarro, Noemí, 2012. "Price and quality decisions under network effects," Journal of Mathematical Economics, Elsevier, vol. 48(5), pages 263-270.
    12. Goldbaum, David, 2021. "The origins of influence," Economic Modelling, Elsevier, vol. 97(C), pages 380-396.
    13. GRILO, Isabel & SHY, Oz & THISSE, Jacques-François, 1997. "Price competition when consumer behavior is characterized by conformity or vanity," LIDAM Discussion Papers CORE 1997032, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    14. J. Atsu Amegashie, 2000. "Misery loves company: social influence and the supply/pricing decision of a popular restaurant," Discussion Papers dp00-18, Department of Economics, Simon Fraser University, revised 14 Sep 2000.
    15. Oz Shy, 2010. "A short survey of network economics," Working Papers 10-3, Federal Reserve Bank of Boston.
    16. Corneo, Giacomo & Jeanne, Olivier, 1997. "Conspicuous consumption, snobbism and conformism," Journal of Public Economics, Elsevier, vol. 66(1), pages 55-71, October.
    17. Corneo, Giacomo & Jeanne, Olivier, 1999. "Segmented communication and fashionable behavior," Journal of Economic Behavior & Organization, Elsevier, vol. 39(4), pages 371-385, July.
    18. Di Cintio, Marco, 2007. "A note on the Hotelling principle of minimum differentiation: Imitation and crowd," Research in Economics, Elsevier, vol. 61(3), pages 122-129, September.
    19. Charles R. Plott & Jared Smith, 1999. "Instability of Equilibria in Experimental Markets: Upward‐Sloping Demands, Externalities, and Fad‐Like Incentives," Southern Economic Journal, John Wiley & Sons, vol. 65(3), pages 405-426, January.
    20. Vlad Radoias, 2014. "When Price Discrimination Fails - A Principal Agent Problem with Social Influence," Working Papers 2014-08, Towson University, Department of Economics, revised Oct 2014.
    21. Ball, Sheryl & Eckel, Catherine C., 1998. "The Economic Value of Status," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 24(4), pages 495-514.
    22. Ivan Pastine & Tuvana Pastine, 2002. "Comsumption Externalities, Coordination, and Advertising," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 43(3), pages 919-943, August.
    23. Tan, Hi-Lin, 2006. "Prices in Networks," MPRA Paper 62984, University Library of Munich, Germany.
    24. Aloys Prinz & Jan Piening & Thomas Ehrmann, 2015. "The success of art galleries: a dynamic model with competition and information effects," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 39(2), pages 153-176, May.
    25. Jun Honda, 2018. "Games with the total bandwagon property meet the Quint–Shubik conjecture," International Journal of Game Theory, Springer;Game Theory Society, vol. 47(3), pages 893-912, September.
    26. Plott, Charles & Hung, Angela, 1998. "Information Cascades: Replication and an Extension to Majority Rule and Conformity Rewarding Institutions," Working Papers 1051, California Institute of Technology, Division of the Humanities and Social Sciences.
    27. Kwang-Sook Huh, 2008. "Strategic Price Decision Inducing Consumer Rationing: Theory and Evidence," Korean Economic Review, Korean Economic Association, vol. 24, pages 233-257.
    28. Micha Gisser & James E. McClure & Giray Ökten & Gary Santoni, 2008. "Some Anomalies Arising from Bandwagons that Impart Upward-Sloping Segments to Market Demand," Working Papers 200804, Ball State University, Department of Economics, revised Dec 2008.
    29. Renato Soeiro & Alberto Pinto, 2023. "Two is enough: a flip on Bertrand through positive network effects," Papers 2312.02865, arXiv.org.
    30. Volker Nocke & Martin Peitz, 2004. "Monopoly Pricing under Demand Uncertainty: Final Sales versus Introductory Offers," PIER Working Paper Archive 04-027, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    31. Carmona, Guilherme & Podczeck, Konrad, 2013. "Existence of Nash Equilibrium in games with a measure space of players and discontinuous payoff functions," MPRA Paper 44263, University Library of Munich, Germany.
    32. Dmitri Kuksov & Ron Shachar & Kangkang Wang, 2013. "Advertising and Consumers' Communications," Marketing Science, INFORMS, vol. 32(2), pages 294-309, March.
    33. Lorenzo Rocco, 2002. "Anonymity in Nonatomic Games," Working Papers 53, University of Milano-Bicocca, Department of Economics, revised Aug 2002.
    34. Amegashie, J.A., 2002. "Misery Loves Company: Social Influence and the Supply/Pricing Decision of Popular Night Clubs," Working Papers 2002-10, University of Guelph, Department of Economics and Finance.
    35. Henk Folmer & Auke Leen, 2013. "Why do successful restaurants not raise their prices?," Letters in Spatial and Resource Sciences, Springer, vol. 6(2), pages 81-90, July.
    36. Vikander Nick, 2019. "Sellouts, Beliefs, and Bandwagon Behavior," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 19(1), pages 1-21, January.
    37. Nick Vikander, 2011. "Capacity Constraints and Beliefs about Demand," Tinbergen Institute Discussion Papers 11-015/1, Tinbergen Institute.
    38. Renato Soeiro & Alberto Pinto, 2021. "Group network effects in price competition," Papers 2110.05891, arXiv.org.
    39. Dai Zusai, 2015. "Market size effects on long-run demand of a network good," Economics Bulletin, AccessEcon, vol. 35(4), pages 2768-2775.

  65. Hong Chew Soo & Karni Edi, 1994. "Choquet Expected Utility with a Finite State Space: Commutativity and Act-Independence," Journal of Economic Theory, Elsevier, vol. 62(2), pages 469-479, April.

    Cited by:

    1. Dominiak, Adam & Lefort, Jean-Philippe, 2009. "Unambiguous Events and Dynamic Choquet Preferences," Working Papers 0489, University of Heidelberg, Department of Economics.
    2. Alain Chateauneuf & Jürgen Eichberger & Simon Grant, 2007. "Choice under uncertainty with the best and worst in mind: neo-additive capacities," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00271279, HAL.
    3. Wakker, Peter, 1996. "The sure-thing principle and the comonotonic sure-thing principle: An axiomatic analysis," Journal of Mathematical Economics, Elsevier, vol. 25(2), pages 213-227.
    4. Massimo Marinacci & Paolo Ghirardato, 2001. "Risk, ambiguity, and the separation of utility and beliefs," ICER Working Papers - Applied Mathematics Series 21-2001, ICER - International Centre for Economic Research.
    5. Schmidt, Ulrich & Zank, Horst, 2009. "A simple model of cumulative prospect theory," Journal of Mathematical Economics, Elsevier, vol. 45(3-4), pages 308-319, March.
    6. Denis Bouyssou & Marc Pirlot, 2008. "On some ordinal models for decision making under uncertainty," Post-Print hal-02361905, HAL.
    7. Luciano de Castro & Alain Chateauneuf, 2011. "Ambiguity aversion and trade," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00685408, HAL.
    8. Casadesus-Masanell, Ramon & Klibanoff, Peter & Ozdenoren, Emre, 2000. "Maxmin Expected Utility over Savage Acts with a Set of Priors," Journal of Economic Theory, Elsevier, vol. 92(1), pages 35-65, May.
    9. Casadesus-Masanell, Ramon & Klibanoff, Peter & Ozdenoren, Emre, 2000. "Maxmin expected utility through statewise combinations," Economics Letters, Elsevier, vol. 66(1), pages 49-54, January.
    10. Ghirardato, Paolo & Maccheroni, Fabio & Marinacci, Massimo & Siniscalchi, Marciano, 2001. "A Subjective Spin on Roulette Wheels," Working Papers 1127, California Institute of Technology, Division of the Humanities and Social Sciences.
    11. Dean, Mark & Ortoleva, Pietro, 2017. "Allais, Ellsberg, and preferences for hedging," Theoretical Economics, Econometric Society, vol. 12(1), January.
    12. Dominiak, Adam & Lee, Min Suk, 2017. "Coherent Dempster–Shafer equilibrium and ambiguous signals," Journal of Mathematical Economics, Elsevier, vol. 68(C), pages 42-54.
    13. Alain Chateauneuf & Luciano De Castro, 2011. "Ambiguity Aversion and Absence of Trade," Discussion Papers 1535, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    14. Wakker, Peter P. & Zank, Horst, 1999. "A unified derivation of classical subjective expected utility models through cardinal utility," Journal of Mathematical Economics, Elsevier, vol. 32(1), pages 1-19, August.
    15. Xiangyu Qu, 2015. "Purely subjective extended Bayesian models with Knightian unambiguity," Theory and Decision, Springer, vol. 79(4), pages 547-571, December.
    16. Dominiak, Adam & Eichberger, Jürgen & Lefort, Jean-Philippe, 2012. "Agreeable trade with optimism and pessimism," Mathematical Social Sciences, Elsevier, vol. 64(2), pages 119-126.
    17. Peter Klibanoff, 1998. "Stochastic Independence and Uncertainty Aversion," Discussion Papers 1212, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    18. Metin Uyanik & M. Ali Khan, 2021. "The Continuity Postulate in Economic Theory: A Deconstruction and an Integration," Papers 2108.11736, arXiv.org, revised Jan 2022.
    19. Chambers, Christopher P., 2008. "Proper scoring rules for general decision models," Games and Economic Behavior, Elsevier, vol. 63(1), pages 32-40, May.
    20. Dominiak, Adam, 2013. "Iterated Choquet expectations: A possibility result," Economics Letters, Elsevier, vol. 120(2), pages 155-159.
    21. Gul, Faruk & Pesendorfer, Wolfgang, 2020. "Calibrated uncertainty," Journal of Economic Theory, Elsevier, vol. 188(C).
    22. Aniruddha Ghosh & M. Ali Khan & Metin Uyanık, 2023. "Continuity postulates and solvability axioms in economic theory and in mathematical psychology: a consolidation of the theory of individual choice," Theory and Decision, Springer, vol. 94(2), pages 189-210, February.
    23. L. Robin Keller, 2011. "From the Editor ---Multiattribute and Intertemporal Preferences, Probability, and Stochastic Processes: Models and Assessment," Decision Analysis, INFORMS, vol. 8(3), pages 165-169, September.
    24. Mark J. Machina, 2009. "Risk, Ambiguity, and the Rank-Dependence Axioms," American Economic Review, American Economic Association, vol. 99(1), pages 385-392, March.
    25. Karni, Edi & Maccheroni, Fabio & Marinacci, Massimo, 2015. "Ambiguity and Nonexpected Utility," Handbook of Game Theory with Economic Applications,, Elsevier.
    26. Skiadas, Costis, 1997. "Subjective Probability under Additive Aggregation of Conditional Preferences," Journal of Economic Theory, Elsevier, vol. 76(2), pages 242-271, October.
    27. Dominiak, Adam & Lefort, Jean-Philippe, 2015. "“Agreeing to disagree” type results under ambiguity," Journal of Mathematical Economics, Elsevier, vol. 61(C), pages 119-129.
    28. Ramon Casadesus-Masanell & Peter Klibanoff & Emre Ozdenoren, 1998. "Maximum Expected Utility over Savage Acts with a Set of Priors," Discussion Papers 1218, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    29. Hougaard, Jens Leth & Keiding, Hans, 2005. "Rawlsian maximin, Dutch books, and non-additive expected utility," Mathematical Social Sciences, Elsevier, vol. 50(3), pages 239-251, November.
    30. Wakker, Peter P. & Zank, Horst, 2002. "A simple preference foundation of cumulative prospect theory with power utility," European Economic Review, Elsevier, vol. 46(7), pages 1253-1271, July.

  66. Karni, Edi & Schmeidler, David, 1993. "On the Uniqueness of Subjective Probabilities," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 3(2), pages 267-277, April.
    See citations under working paper version above.
  67. Karni Edi, 1993. "Subjective Expected Utility Theory with State-Dependent Preferences," Journal of Economic Theory, Elsevier, vol. 60(2), pages 428-438, August.

    Cited by:

    1. Edward SchleeE, 1997. "The sure thing principle and the value of information," Theory and Decision, Springer, vol. 42(1), pages 21-36, January.
    2. Eric Bahel, 2024. "Anonymous and Strategy-Proof Voting under Subjective Expected Utility Preferences," Papers 2401.04060, arXiv.org.
    3. Brian Hill, 2009. "Living without state-independence of utilities," Post-Print hal-00463428, HAL.
    4. Hill, Brian, 2010. "An additively separable representation in the Savage framework," Journal of Economic Theory, Elsevier, vol. 145(5), pages 2044-2054, September.
    5. Samuel Drapeau & Asgar Jamneshan, 2014. "Conditional Preference Orders and their Numerical Representations," Papers 1410.5466, arXiv.org, revised Jan 2016.
    6. Franz Dietrich, 2021. "Fully Bayesian Aggregation," Post-Print hal-03194928, HAL.
    7. Thibault Gajdos & Feriel Kandil, 2008. "The ignorant observer," Post-Print halshs-00177374, HAL.
    8. Drapeau, Samuel & Jamneshan, Asgar, 2016. "Conditional preference orders and their numerical representations," Journal of Mathematical Economics, Elsevier, vol. 63(C), pages 106-118.
    9. Thibault Gajdos & Feriel Kandil, 2008. "The ignorant observer," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 31(2), pages 193-232, August.
    10. Edi Karni, 2005. "Foundations of Bayesian Theory," Economics Working Paper Archive 524, The Johns Hopkins University,Department of Economics.
    11. Brian Hill, 2007. "When is there state independence?," Working Papers hal-00582662, HAL.
    12. Luz Rocío Sotomayor & Abel Cadenillas, 2009. "Explicit Solutions Of Consumption‐Investment Problems In Financial Markets With Regime Switching," Mathematical Finance, Wiley Blackwell, vol. 19(2), pages 251-279, April.
    13. Costis Skiadas, 1991. "Conditioning and Aggregation of Preferences," Discussion Papers 1010, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    14. Jaime A. Londo~no, 2006. "State Dependent Utility," Papers math/0603316, arXiv.org.
    15. Karni, Edi, 2006. "Subjective expected utility theory without states of the world," Journal of Mathematical Economics, Elsevier, vol. 42(3), pages 325-342, June.
    16. Skiadas, Costis, 1997. "Subjective Probability under Additive Aggregation of Conditional Preferences," Journal of Economic Theory, Elsevier, vol. 76(2), pages 242-271, October.
    17. Mikhail Timonin, 2016. "Choquet integral in decision analysis - lessons from the axiomatization," Papers 1611.09926, arXiv.org.
    18. Peter J. Hammond, 1997. "Subjectively Expected State-Independent Utility on State-Dependent Consequence Domains," Working Papers 97024, Stanford University, Department of Economics.
    19. Peter P. Wakker & Sylvia J. T. Jansen & Anne M. Stiggelbout, 2004. "Anchor Levels as a New Tool for the Theory and Measurement of Multiattribute Utility," Decision Analysis, INFORMS, vol. 1(4), pages 217-234, December.
    20. Abdellaoui, Mohammed & Wakker, Peter P., 2020. "Savage for dummies and experts," Journal of Economic Theory, Elsevier, vol. 186(C).

  68. Karni, Edi, 1993. "A Definition of Subjective Probabilities with State-Dependent Preferences," Econometrica, Econometric Society, vol. 61(1), pages 187-198, January.

    Cited by:

    1. Brian Hill, 2009. "Living without state-independence of utilities," Post-Print hal-00463428, HAL.
    2. Itzhak Gilboa & Andrew Postlewaite & David Schmeidler, 2007. "Probabilities in Economic Modeling," Levine's Bibliography 843644000000000357, UCLA Department of Economics.
    3. Edi Karni, 2008. "Agency theory: choice-based foundations of the parametrized distribution formulation," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 36(3), pages 337-351, September.
    4. Samuel Drapeau & Asgar Jamneshan, 2014. "Conditional Preference Orders and their Numerical Representations," Papers 1410.5466, arXiv.org, revised Jan 2016.
    5. Itzhak Gilboa & Andrew Postlewaite & David Schmeidler, 2008. "Probability and Uncertainty in Economic Modeling," Post-Print hal-00463394, HAL.
    6. DREZE , Jacques H. & RUSTICHINI, Aldo, 2000. "State-dependent utility and decision theory," LIDAM Discussion Papers CORE 2000007, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    7. Chambers, Christopher P. & Hayashi, Takashi, 2010. "Bayesian consistent belief selection," Journal of Economic Theory, Elsevier, vol. 145(1), pages 432-439, January.
    8. Christian Gollier, 2007. "Whom should we believe? Aggregation of heterogeneous beliefs," Journal of Risk and Uncertainty, Springer, vol. 35(2), pages 107-127, October.
    9. Galizzi, Matteo M. & Machado, Sara R. & Miniaci, Raffaele, 2016. "Temporal stability, cross-validity, and external validity of risk preferences measures: experimental evidence from a UK representative sample," LSE Research Online Documents on Economics 67554, London School of Economics and Political Science, LSE Library.
    10. Sarin, R. & Wakker, P.P., 1996. "A Single-Stage Approach to Anscombe and Aumann's Expected Utility," Other publications TiSEM aae9febd-70bd-4a52-9c6b-4, Tilburg University, School of Economics and Management.
    11. Roee Teper, 2016. "Who is a Bayesian?," Working Paper 5861, Department of Economics, University of Pittsburgh.
    12. Drapeau, Samuel & Jamneshan, Asgar, 2016. "Conditional preference orders and their numerical representations," Journal of Mathematical Economics, Elsevier, vol. 63(C), pages 106-118.
    13. Edi Karni, 2005. "A New Approach to Modeling Decision-Making under Uncertainty and Defining Subjective Probabilities," Economics Working Paper Archive 519, The Johns Hopkins University,Department of Economics.
    14. Edi Karni, 2005. "Foundations of Bayesian Theory," Economics Working Paper Archive 524, The Johns Hopkins University,Department of Economics.
    15. Edi Karni, 2007. "Bayesian Decision Theory and the Representation of Beliefs," Discussion Paper Series dp444, The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem.
    16. MONGIN, Philippe, 1996. "The Paradox of the Bayesian Experts and State-Dependent Utility Theory," LIDAM Discussion Papers CORE 1996026, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    17. Cerroni, Simone & Shaw, W. Douglass, 2012. "Does climate change information affect stated risks of pine beetle impacts on forests? An application of the exchangeability method," Forest Policy and Economics, Elsevier, vol. 22(C), pages 72-84.
    18. Brian Hill, 2007. "When is there state independence?," Working Papers hal-00582662, HAL.
    19. Costis Skiadas, 1991. "Conditioning and Aggregation of Preferences," Discussion Papers 1010, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    20. Jaime A. Londo~no, 2006. "State Dependent Utility," Papers math/0603316, arXiv.org.
    21. Tsakas, Elias, 2016. "Reasonable doubt revisited," Research Memorandum 017, Maastricht University, Graduate School of Business and Economics (GSBE).
    22. Skiadas, Costis, 1997. "Subjective Probability under Additive Aggregation of Conditional Preferences," Journal of Economic Theory, Elsevier, vol. 76(2), pages 242-271, October.
    23. Mikhail Timonin, 2016. "Choquet integral in decision analysis - lessons from the axiomatization," Papers 1611.09926, arXiv.org.
    24. Itzhak Gilboa & Andrew Postlewaite & David Schmeidler, 2007. "Probability and Uncertainty in Economic Modeling, Second Version," PIER Working Paper Archive 08-002, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 28 Jan 2008.
    25. Peter J. Hammond, 1997. "Subjectively Expected State-Independent Utility on State-Dependent Consequence Domains," Working Papers 97024, Stanford University, Department of Economics.

  69. Karni, Edi, 1992. "Utility theory with probability-dependent outcome valuation," Journal of Economic Theory, Elsevier, vol. 57(1), pages 111-124.

    Cited by:

    1. Pierpaolo Battigalli & Martin Dufwenberg, 2005. "Dynamic Psychological Games," Working Papers 287, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    2. Geiger, Gebhard, 2002. "On the statistical foundations of non-linear utility theory: The case of status quo-dependent preferences," European Journal of Operational Research, Elsevier, vol. 136(2), pages 449-465, January.

  70. Karni, Edi, 1992. "Subjective Probabilities and Utility with Even-Dependent Preferences," Journal of Risk and Uncertainty, Springer, vol. 5(2), pages 107-125, May.

    Cited by:

    1. Edi Karni & Philippe Mongin, 2000. "On the Determination of Subjective Probability by Choices," Management Science, INFORMS, vol. 46(2), pages 233-248, February.
    2. Elias Tsakas, 2022. "Belief identification with state-dependent utilities," Papers 2203.10505, arXiv.org, revised Nov 2022.
    3. Elias Tsakas, 2021. "Identification of misreported beliefs," Papers 2112.12975, arXiv.org.
    4. William S. Neilson, 2000. "Victory and Defeat in a Model of Behavior in Games and Toward Risk," Econometric Society World Congress 2000 Contributed Papers 0690, Econometric Society.
    5. Elias Tsakas, 2023. "Belief identification by proxy," Papers 2311.13394, arXiv.org.

  71. Karni, Edi & Schmeidler, David, 1991. "Atemporal dynamic consistency and expected utility theory," Journal of Economic Theory, Elsevier, vol. 54(2), pages 401-408, August.
    See citations under working paper version above.
  72. Karni, Edi & Safra, Zvi, 1990. "Rank-Dependent Probabilities," Economic Journal, Royal Economic Society, vol. 100(401), pages 487-495, June.
    See citations under working paper version above.
  73. Karni, Edi & Safra, Zvi, 1990. "Behaviorally consistent optimal stopping rules," Journal of Economic Theory, Elsevier, vol. 51(2), pages 391-402, August.
    See citations under working paper version above.
  74. Karni, Edi & Schmeidler, David, 1990. "Fixed Preferences and Changing Tastes," American Economic Review, American Economic Association, vol. 80(2), pages 262-267, May.

    Cited by:

    1. Emiliya Lazarova & Dinko Dimitrov, 2013. "Status-seeking in hedonic games with heterogeneous players," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 40(4), pages 1205-1229, April.
    2. Viviana Di Giovinazzo & Ahmad Naimzada, 2013. "A model of fashion: endogenous preferences in social interaction," Working Papers 235, University of Milano-Bicocca, Department of Economics, revised Feb 2013.
    3. K Kogan & U Spiegel, 2006. "Dynamic zigzag pricing of resalable goods with no depreciation and intergroup externalities," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 57(11), pages 1353-1365, November.
    4. Milchtaich, Igal & Winter, Eyal, 2002. "Stability and Segregation in Group Formation," Games and Economic Behavior, Elsevier, vol. 38(2), pages 318-346, February.
    5. Glenn Ellison, 2002. "Evolving Standards for Academic Publishing: A q-r Theory," Journal of Political Economy, University of Chicago Press, vol. 110(5), pages 994-1034, October.
    6. Ahmad Naimzada & Marina Pireddu, 2019. "A general equilibrium evolutionary model with generic utility functions and generic bell-shaped attractiveness maps, generating fashion cycle dynamics," Working Papers 401, University of Milano-Bicocca, Department of Economics, revised Mar 2019.
    7. Chaim Fershtman & Uzi Segal, 2018. "Preferences and Social Influence," American Economic Journal: Microeconomics, American Economic Association, vol. 10(3), pages 124-142, August.
    8. Khan, M. Ali & Rath, Kali P. & Sun, Yeneng, 1997. "On the Existence of Pure Strategy Equilibria in Games with a Continuum of Players," Journal of Economic Theory, Elsevier, vol. 76(1), pages 13-46, September.
    9. Bala, Venkatesh & Van Long, Ngo, 2005. "International trade and cultural diversity with preference selection," European Journal of Political Economy, Elsevier, vol. 21(1), pages 143-162, March.
    10. Juan Miguel Benito & Pablo Branas-Garz & Penelope Hernandez & Juan A. Sanchis, 2011. "Strategic behavior in Schelling dynamics: A new result and experimental evidence," Working Papers 11-14, Chapman University, Economic Science Institute.
    11. Schweizer, T.S., 2002. "Managing interactions between technological and stylistic innovation in the media industries, insights from the introduction of ebook technology in the publishing industry," ERIM Report Series Research in Management ERS-2002-16-ORG, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    12. Khalil, Elias, 2007. "The Mirror-Neuron Paradox: How Far is Sympathy from Compassion, Indulgence, and Adulation?," MPRA Paper 3509, University Library of Munich, Germany.
    13. Wei-Bin Zhang, 2017. "Fashion and Business Cycles with Snobs and Bandwagoners in a Multi-Sector Growth Model," Journal of Business, LAR Center Press, vol. 2(3), pages 1-13, May.
    14. De Waegenaere, Anja & Wakker, Peter P., 2001. "Nonmonotonic Choquet integrals," Journal of Mathematical Economics, Elsevier, vol. 36(1), pages 45-60, September.
    15. Insler, Michael & Rahman, Ahmed S. & Smith, Katherine, 2021. "Tracking the Herd with a Shotgun — Why Do Peers Influence College Major Selection?," IZA Discussion Papers 14412, Institute of Labor Economics (IZA).
    16. Benito-Ostolaza, Juan M. & Brañas-Garza, Pablo & Hernández, Penélope & Sanchis-Llopis, Juan A., 2015. "Strategic behaviour in Schelling dynamics: Theory and experimental evidence," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 57(C), pages 134-147.
    17. Karni, Edi & Levin, Dan, 1994. "Social Attributes and Strategic Equilibrium: A Restaurant Pricing Game," Journal of Political Economy, University of Chicago Press, vol. 102(4), pages 822-840, August.
    18. Chatterjee, Sidharta, 2022. "Rationalizing Decision Choices: What Influences our Social Decision Making?," MPRA Paper 114985, University Library of Munich, Germany.
    19. Sushil Bikhchandani & David Hirshleifer & Ivo Welch, 2010. "A theory of Fads, Fashion, Custom and cultural change as informational Cascades," Levine's Working Paper Archive 1193, David K. Levine.
    20. Ewing, Michael T. & Jevons, Colin P. & Khalil, Elias L., 2009. "Brand death: A developmental model of senescence," Journal of Business Research, Elsevier, vol. 62(3), pages 332-338, March.
    21. Corneo, Giacomo & Jeanne, Olivier, 1999. "Segmented communication and fashionable behavior," Journal of Economic Behavior & Organization, Elsevier, vol. 39(4), pages 371-385, July.
    22. Teraji, Shinji, 2003. "Herd behavior and the quality of opinions," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 32(6), pages 661-673, December.
    23. Stefan Buehler & Daniel Halbheer, 2011. "Persuading Consumers with Social Attitudes," CESifo Working Paper Series 3470, CESifo.
    24. William A. Barnett & Isaac Kalonda Kanyama, 2013. "Time-varying parameters in the almost ideal demand system and the Rotterdam model: will the best specification please stand up?," Applied Economics, Taylor & Francis Journals, vol. 45(29), pages 4169-4183, October.
    25. Kovács, Kármen, 2011. "Az egyszerre érvényesülő társadalmi externáliák hatásai a státusjavak keresletére [The effects on the demand for status goods exerted by single-occasion social externals]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(4), pages 314-332.
    26. Baumann, L., 2019. "Demand Cycles and Heterogeneous Conformity Preferences," Cambridge Working Papers in Economics 1922, Faculty of Economics, University of Cambridge.
    27. Andrea Robbett, 2016. "Community dynamics in the lab," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 46(3), pages 543-568, March.
    28. Russell Golman & Aditi Jain & Sonica Saraf, 2019. "Hipsters and the Cool: A Game Theoretic Analysis of Social Identity, Trends and Fads," Papers 1910.13385, arXiv.org.
    29. Ho, Benjamin & Liu, Peng, 2015. "Herd journalism: Investment in novelty and popularity in markets for news," Information Economics and Policy, Elsevier, vol. 31(C), pages 33-46.
    30. Dmitri Kuksov & Kangkang Wang, 2013. "A Model of the "It" Products in Fashion," Marketing Science, INFORMS, vol. 32(1), pages 51-69, July.
    31. Nicholas Janetos, 2017. "Fads and imperfect information," PIER Working Paper Archive 17-009, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 01 May 2017.
    32. Ahmad Naimzada & Marina Pireddu, 2020. "A general equilibrium evolutionary model with two groups of agents, generating fashion cycle dynamics," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 43(1), pages 155-185, June.
    33. Kiminori Matsuyama, 1993. "Custom versus fashion: path-dependence and limit cycles in a random matching game," Discussion Paper / Institute for Empirical Macroeconomics 82, Federal Reserve Bank of Minneapolis.
    34. Emiliya Lazarova & Dinko Dimitrov, 2010. "Status-Seeking In Coalitional Matching Problems," Economics Working Papers 10-02, Queen's Management School, Queen's University Belfast.
    35. Florian H. Schneider, 2020. "Signaling ideology through consumption," ECON - Working Papers 367, Department of Economics - University of Zurich, revised Jul 2022.
    36. Hema Yoganarasimhan, 2012. "Cloak or Flaunt? The Fashion Dilemma," Marketing Science, INFORMS, vol. 31(1), pages 74-95, January.
    37. Kumar, Ashish & Trivedi, Minakshi & Bezawada, Ram & Sridhar, Karthik, 2012. "A comparative analysis of differential consumer response across supermarket and specialty store in the candy category," Journal of Retailing and Consumer Services, Elsevier, vol. 19(6), pages 561-569.
    38. Zheyin (Jane) Gu & Xinxin Li, 2023. "Social Sharing, Public Perception, and Brand Competition in a Horizontally Differentiated Market," Information Systems Research, INFORMS, vol. 34(2), pages 553-569, June.
    39. Vankatesh Bala & Ngo Van Long, 2004. "International Trade and Cultural Diversity: A Model of Preference Selection," CESifo Working Paper Series 1242, CESifo.
    40. Wei-Bin Zhang, 2016. "Fashion with Snobs and Bandwagoners in a Three-Type Households and Three-Sector Neoclassical Growth Model," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 11(2), pages 1-19, Julio-Sep.
    41. Luis Araujo & Raoul Minetti, 2007. "On The Long‐Run Effects Of Fashion," Economic Inquiry, Western Economic Association International, vol. 45(4), pages 756-769, October.
    42. Kiminori Matsuyama, 1991. "Custom Versus Fashion: Hysteresis and Limit Cycles in a Random Matching Game," Discussion Papers 940, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    43. Jacobs Martin, 2016. "Accounting for Changing Tastes: Approaches to Explaining Unstable Individual Preferences," Review of Economics, De Gruyter, vol. 67(2), pages 121-183, August.
    44. U. Spiegel & J. Templeman, 2004. "Segmentation Versus Integration: The Case of Non‐Homogeneous Groups," Manchester School, University of Manchester, vol. 72(1), pages 131-151, January.

  75. Edi Karni & Zvi Safra, 1989. "Dynamic Consistency, Revelations in Auctions and the Structure of Preferences," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 56(3), pages 421-433.

    Cited by:

    1. John Hey & Gianna Lotito, 2009. "Naive, resolute or sophisticated? A study of dynamic decision making," Journal of Risk and Uncertainty, Springer, vol. 38(1), pages 1-25, February.
    2. Ho-Chyuan Chen & William Neilson, 1999. "Pure-strategy Equilibria with Non-expected Utility Players," Theory and Decision, Springer, vol. 46(2), pages 201-212, April.
    3. Levin, Dan & Ozdenoren, Emre, 2004. "Auctions with uncertain numbers of bidders," Journal of Economic Theory, Elsevier, vol. 118(2), pages 229-251, October.
    4. Hurley, Sean P. & Kliebenstein, James B., 2003. "Interpreting Bids From A Vickrey Auction When There Are Public Good Attributes," 2003 Annual meeting, July 27-30, Montreal, Canada 21965, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    5. Soham R. Phade & Venkat Anantharam, 2021. "Mechanism Design for Cumulative Prospect Theoretic Agents: A General Framework and the Revelation Principle," Papers 2101.08722, arXiv.org.
    6. , & , & ,, 2006. "Optimal auctions with ambiguity," Theoretical Economics, Econometric Society, vol. 1(4), pages 411-438, December.
    7. Ferreira, J.L. & Gilboa, I. & Maschler, M., 1992. "Credible Equilibria in Games with Utilities Changing During the Play," Papers 9217, Tilburg - Center for Economic Research.
    8. Hill, Brian, 2020. "Dynamic consistency and ambiguity: A reappraisal," Games and Economic Behavior, Elsevier, vol. 120(C), pages 289-310.
    9. Evren, Özgür, 2019. "Recursive non-expected utility: Connecting ambiguity attitudes to risk preferences and the level of ambiguity," Games and Economic Behavior, Elsevier, vol. 114(C), pages 285-307.
    10. Lotito, Gianna, 2007. "Resolute Choice in interaction: a qualitative experiment," POLIS Working Papers 94, Institute of Public Policy and Public Choice - POLIS.
    11. A. Nebout & D. Dubois, 2014. "When Allais meets Ulysses: Dynamic axioms and the common ratio effect," Journal of Risk and Uncertainty, Springer, vol. 48(1), pages 19-49, February.
    12. Karni, Edi & Safra, Zvi, 2022. "Hybrid decision model and the ranking of experiments," Journal of Mathematical Economics, Elsevier, vol. 101(C).
    13. Volij, Oscar, 2002. "Payoff Equivalence in Sealed Bid Auctions and the Dual Theory of Choice Under Risk," Staff General Research Papers Archive 10129, Iowa State University, Department of Economics.
    14. Auster, Sarah & Kellner, Christian, 2022. "Robust bidding and revenue in descending price auctions," Journal of Economic Theory, Elsevier, vol. 199(C).
    15. Hong, Chew Soo & Nishimura, Naoko, 2003. "Revenue non-equivalence between the English and the second-price auctions: experimental evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 51(4), pages 443-458, August.
    16. Robert Lapson, 1992. "Expected Value," Discussion Papers 1037, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    17. Bose, Subir & Daripa, Arup, 2009. "A dynamic mechanism and surplus extraction under ambiguity," Journal of Economic Theory, Elsevier, vol. 144(5), pages 2084-2114, September.
    18. A. Nebout, 2014. "Sequential decision making without independence: a new conceptual approach," Theory and Decision, Springer, vol. 77(1), pages 85-110, June.
    19. von Wangenheim, Jonas, 2021. "English versus Vickrey auctions with loss-averse bidders," Journal of Economic Theory, Elsevier, vol. 197(C).
    20. Benjamin Balzer & Antonio Rosato & Jonas von Wangenheim, 2021. "Dutch vs. First-Price Auctions With Expectations-Based Loss-Averse Bidders," CRC TR 224 Discussion Paper Series crctr224_2021_314, University of Bonn and University of Mannheim, Germany.
    21. Han Bleichrodt & José-Luis Pinto-Prades, 2004. "The Validity of QALYs Under Non-Expected Utility," Working Papers 113, Barcelona School of Economics.
    22. Karni, Edi & Maccheroni, Fabio & Marinacci, Massimo, 2015. "Ambiguity and Nonexpected Utility," Handbook of Game Theory with Economic Applications,, Elsevier.
    23. Daniel R. Burghart, 2020. "The two faces of independence: betweenness and homotheticity," Theory and Decision, Springer, vol. 88(4), pages 567-593, May.
    24. Ormiston, Michael B. & E. Schlee, Edward, 1999. "Comparative statics tests between decision models under risk," Journal of Mathematical Economics, Elsevier, vol. 32(2), pages 145-166, October.
    25. Dillenberger, David & Raymond, Collin, 2019. "On the consensus effect," Journal of Economic Theory, Elsevier, vol. 183(C), pages 384-416.

  76. Karni, Edi, 1989. "Generalized Expected Utility Analysis of Multivariate Risk Aversion," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 30(2), pages 297-305, May.
    See citations under working paper version above.
  77. Karni, Edi & Zilcha, Itzhak, 1989. "Aggregate and distributional effects of fair social security," Journal of Public Economics, Elsevier, vol. 40(1), pages 37-56, October.

    Cited by:

    1. Noël Bonneuil* & Romina Boarini, 2004. "Preserving Transfer Benefit For Present And Future Generations," Mathematical Population Studies, Taylor & Francis Journals, vol. 11(3-4), pages 181-203.
    2. Enders, Walter & Lapan, Harvey E., 1993. "A Model of First and Second-Best Social Security Programs," Staff General Research Papers Archive 10805, Iowa State University, Department of Economics.
    3. Jordi Caballé & Luisa Fuster, 2000. "Pay-as-you-go social security and the distribution of bequests," Economics Working Papers 468, Department of Economics and Business, Universitat Pompeu Fabra.
    4. Kaganovich, M & Zilcha, I, 1997. "Education, Social Security and Growth," Papers 1-97, Tel Aviv.
    5. Areendam Chanda, 2005. "The Rise in Returns to Education and the Decline in Household Savings," Departmental Working Papers 2005-05, Department of Economics, Louisiana State University.
    6. Nicolas Drouhin, 2001. "Lifetime Uncertainty and Time Preference," Theory and Decision, Springer, vol. 51(2), pages 145-172, December.
    7. Sanou Issa, 2021. "Jealousy and Wealth Inequality: The Cases of Heterogeneous Preferences and Elastic Labor Supply," Working Papers hal-03408115, HAL.
    8. Arthur Hau, 2005. "The Long-Run Effects of Pay-as-You-Go Medicare on Savings and Consumer Welfare," Public Finance Review, , vol. 33(5), pages 634-655, September.
    9. Yang Zaigui, 2008. "Population Growth Rate, Life Expectancy and Pension Program Improvement in China," Asia-Pacific Journal of Risk and Insurance, De Gruyter, vol. 2(2), pages 1-13, March.
    10. Glomm, Gerhard & Kaganovich, Michael, 2008. "Social security, public education and the growth-inequality relationship," European Economic Review, Elsevier, vol. 52(6), pages 1009-1034, August.
    11. Kaganovich, Michael & Zilcha, Itzhak, 2012. "Pay-as-you-go or funded social security? A general equilibrium comparison," Journal of Economic Dynamics and Control, Elsevier, vol. 36(4), pages 455-467.
    12. Houyem Chekki Cherni, 2021. "Complementary Funded Pensions And Economic Growth: Theoretical And Empirical Evidence Using An Overlapping Generations Model Applied To The Case Of Tunisia," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 66(231), pages 59-98, October –.
    13. Michael Kaganovich & Itzhak Zilcha, 2008. "Alternative Social Security Systems and Growth," CESifo Working Paper Series 2353, CESifo.

  78. Hong, Chew Soo & Karni, Edi & Safra, Zvi, 1987. "Risk aversion in the theory of expected utility with rank dependent probabilities," Journal of Economic Theory, Elsevier, vol. 42(2), pages 370-381, August.

    Cited by:

    1. McCarthy, David & Mikkola, Kalle & Thomas, Teruji, 2016. "Utilitarianism with and without expected utility," MPRA Paper 72578, University Library of Munich, Germany.
    2. Faruk Gul & Wolfgang Pesendorfer, 2008. "Measurable Ambiguity," Levine's Working Paper Archive 122247000000002185, David K. Levine.
    3. David Dillenberger & Uzi Segal, 2013. "Skewed Noise," PIER Working Paper Archive 13-066, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    4. David Freeman, 2015. "Calibration without Reduction for Non-Expected Utility," Discussion Papers dp15-01, Department of Economics, Simon Fraser University.
    5. Rolf Aaberge, 2002. "Empirical Rules of Thumb for Choice under Uncertainty," ICER Working Papers 22-2002, ICER - International Centre for Economic Research.
    6. Matthieu De Lapparent & Moshe Ben-Akiva, 2014. "Risk Aversion in Travel Mode Choice with Rank-Dependent Utility," Mathematical Population Studies, Taylor & Francis Journals, vol. 21(4), pages 189-204, December.
    7. Bruno Jullien & Bernard Salanié, 1997. "Estimating Preferences under Risk : The Case of Racetrack Bettors," Working Papers 97-39, Center for Research in Economics and Statistics.
    8. Boonen, Tim J. & Jiang, Wenjun, 2022. "Bilateral risk sharing in a comonotone market with rank-dependent utilities," Insurance: Mathematics and Economics, Elsevier, vol. 107(C), pages 361-378.
    9. Hirbod Assa & Alexander Zimper, 2017. "Preferences Over all Random Variables: Incompatibility of Convexity and Continuity," Working Papers 201714, University of Pretoria, Department of Economics.
    10. Jinrui Pan & Craig S. Webb & Horst Zank, 2019. "Delayed probabilistic risk attitude: a parametric approach," Theory and Decision, Springer, vol. 87(2), pages 201-232, September.
    11. Ho-Chyuan Chen & William Neilson, 1999. "Pure-strategy Equilibria with Non-expected Utility Players," Theory and Decision, Springer, vol. 46(2), pages 201-212, April.
    12. Albrecht, Peter & Huggenberger, Markus, 2017. "The fundamental theorem of mutual insurance," Insurance: Mathematics and Economics, Elsevier, vol. 75(C), pages 180-188.
    13. Roberto Corrao & Drew Fudenberg & David K Levine, 2023. "Adversarial forecasters, surprises and randomization," Levine's Working Paper Archive 11694000000000130, David K. Levine.
    14. Grant, Simon & Quiggan, John, 2004. "Increasing Uncertainty: A Definition," Working Papers 2002-11, Rice University, Department of Economics.
    15. Zvi Safra & Uzi Segal, 2001. "On the Economic Meaning of Machina's Fréchet Differentiability Assumption," Boston College Working Papers in Economics 511, Boston College Department of Economics.
    16. Alain Chateauneuf & Michèle Cohen & Isaac Meilijson, 2005. "More pessimism than greediness: a characterization of monotone risk aversion in the Rank-Dependent Expected Utility model," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00211906, HAL.
    17. Matthew D. Rablen, 2023. "Loss Aversion, Risk Aversion, and the Shape of the Probability Weighting Function," CESifo Working Paper Series 10491, CESifo.
    18. Chateauneuf, A. & Dana, R.-A, & Tallon, J.-M., 1997. "Optimal Risk-Sharing Rules and Equilibria With Non-Additive Expected Utility," Papiers d'Economie Mathématique et Applications 97.54, Université Panthéon-Sorbonne (Paris 1).
    19. Alain Chateauneuf & Thibault Gajdos & Pierre-Henry Wilthien, 2002. "The Principle of Strong Diminishing Transfer," Post-Print halshs-00085936, HAL.
    20. Colson, Gérard, 1993. "Prenons-nous assez de risque dans les théories du risque?," L'Actualité Economique, Société Canadienne de Science Economique, vol. 69(1), pages 111-141, mars.
    21. Jean Baccelli, 2018. "Risk attitudes in axiomatic decision theory: a conceptual perspective," Theory and Decision, Springer, vol. 84(1), pages 61-82, January.
    22. Marco Santorsola & Rocco Caferra & Andrea Morone, 2023. "The salience of informed risk: an experimental analysis," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 51(9), pages 21-35, June.
    23. Machina, Mark J, 2001. "Almost-Objective Uncertainty," University of California at San Diego, Economics Working Paper Series qt3ps1k85f, Department of Economics, UC San Diego.
    24. Zheng, Wenyuan & Li, Bingqing & Huang, Zhiyong & Chen, Lu, 2022. "Why Was There More Household Stock Market Participation During the COVID-19 Pandemic?," Finance Research Letters, Elsevier, vol. 46(PB).
    25. Elliot Lipnowski & Doron Ravid, 2022. "Predicting Choice from Information Costs," Papers 2205.10434, arXiv.org, revised Apr 2023.
    26. Smorodinsky, Rann, 2000. "The reflection effect for constant risk averse agents," Mathematical Social Sciences, Elsevier, vol. 40(3), pages 265-276, November.
    27. Trabelsi, Mohamed Ali, 2006. "Les nouveaux modèles de décision dans le risque et l’incertain : quel apport ? [The new models of decision under risk or uncertainty : What approach?]," MPRA Paper 25442, University Library of Munich, Germany.
    28. Trabelsi, Mohamed Ali, 2008. "Les nouveaux modèles de décision dans le risque et l’incertain : quel apport ? [The new models of decision under risk or uncertainty: What approach?]," MPRA Paper 83347, University Library of Munich, Germany, revised 2008.
    29. Grant, S & Kajii, A & Polak, B, 1997. "Intrinsic Preference for Information," Papers 323, Australian National University - Department of Economics.
    30. Courtault, Jean-Michel & Gayant, Jean-Pascal, 1998. "Local risk aversion in the rank dependent expected utility model: First order versus second order effects," Economics Letters, Elsevier, vol. 59(2), pages 207-212, May.
    31. Nakamura, Yutaka, 1995. "Rank dependent utility for arbitrary consequence spaces," Mathematical Social Sciences, Elsevier, vol. 29(2), pages 103-129, April.
    32. Christina Letsou & Shlomo Naeh & Uzi Segal, 2020. "All probabilities are equal, but some probabilities are more equal than others," Boston College Working Papers in Economics 998, Boston College Department of Economics.
    33. Alain Chateauneuf & Michèle Cohen, 2009. "Cardinal Extensions of the EU Model Based on the Choquet Integral," Post-Print hal-00671302, HAL.
    34. Dionne, Georges & Li, Jingyuan, 2014. "When can expected utility handle first-order risk aversion?," Working Papers 11-1, HEC Montreal, Canada Research Chair in Risk Management.
    35. Mao, Tiantian & Wang, Ruodu, 2022. "Fractional stochastic dominance in rank-dependent utility and cumulative prospect theory," Journal of Mathematical Economics, Elsevier, vol. 103(C).
    36. Machina, Mark J, 2001. "Payoff Kinks in Preferences over Lotteries," Journal of Risk and Uncertainty, Springer, vol. 23(3), pages 207-260, November.
    37. Eric Langlais, 2012. "Safety and the allocation of costs in large accidents," Post-Print hal-01411623, HAL.
    38. Bossert, Walter, 1997. "Uncertainty aversion in nonprobabilistic decision models," Mathematical Social Sciences, Elsevier, vol. 34(3), pages 191-203, October.
    39. Peter Brooks & Simon Peters & Horst Zank, 2011. "Risk Behaviour for Gain, Loss and Mixed Prospects," Economics Discussion Paper Series 1123, Economics, The University of Manchester.
    40. Alain Chateauneuf & Ghizlane Lakhnati & Eric Langlais, 2016. "On the precautionary motive for savings and prudence in the rank-dependent utility framework," Post-Print hal-01302563, HAL.
    41. Hanany, Eran & Safra, Zvi, 2000. "Existence and Uniqueness of Ordinal Nash Outcomes," Journal of Economic Theory, Elsevier, vol. 90(2), pages 254-276, February.
    42. Boonen, Tim J. & Ghossoub, Mario, 2019. "On the existence of a representative reinsurer under heterogeneous beliefs," Insurance: Mathematics and Economics, Elsevier, vol. 88(C), pages 209-225.
    43. Langlais, Eric, 2006. "Criminals and risk attitude," MPRA Paper 1149, University Library of Munich, Germany, revised 15 Sep 2006.
    44. Michèle Cohen & Isaac Meilijson, 2011. "In search of characterization of the preference for safety under the Choquet model," Post-Print halshs-00594082, HAL.
    45. Carlier, G., 2005. "Representation of the core of convex measure games via Kantorovich potentials," Journal of Mathematical Economics, Elsevier, vol. 41(7), pages 898-912, November.
    46. Langlais, Eric, 2009. "les criminels aiment-ils le risque ? [Are criminals risk-seeking individulas ?]," MPRA Paper 14892, University Library of Munich, Germany.
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    7. Matthew D. Rablen, 2023. "Loss Aversion, Risk Aversion, and the Shape of the Probability Weighting Function," CESifo Working Paper Series 10491, CESifo.
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    4. Arthur Hau, 2001. "Precautionary Saving and Mortality-Contingent Social Insurance Programs," Public Finance Review, , vol. 29(1), pages 61-82, January.
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    16. Oscar Landerretche & Fernando Lefort & Rodrigo O. Valdés, 2002. "Causes and Consequences of Indexation: A Review of the Literature," Central Banking, Analysis, and Economic Policies Book Series, in: Fernando Lefort & Klaus Schmidt-Hebbel & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Serie (ed.),Indexation, Inflation and Monetary Policy, edition 1, volume 2, chapter 2, pages 019-064, Central Bank of Chile.
    17. Joshua Aizenman, 1983. "Wage Contracts with Incomplete and Costly Information," NBER Working Papers 1150, National Bureau of Economic Research, Inc.
    18. Frank Heinemann, 2003. "The Inflationary Impact of Wage Indexation," CESifo Working Paper Series 867, CESifo.

  87. Karni, Edi, 1983. "Risk Aversion for State-Dependent Utility Functions: Measurement and Applications," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 24(3), pages 637-647, October.
    See citations under working paper version above.
  88. Karni, Edi & Schmeidler, David & Vind, Karl, 1983. "On State Dependent Preferences and Subjective Probabilities," Econometrica, Econometric Society, vol. 51(4), pages 1021-1031, July.

    Cited by:

    1. Takashi Hayashi & Michele Lombardi, 2019. "Fair social decision under uncertainty and belief disagreements," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 67(4), pages 775-816, June.
    2. Noé Biheng & Jean-Marc Bonnisseau, 2015. "Regular economies with ambiguity aversion," Post-Print halshs-01185486, HAL.
    3. Darrell Duffie, 2014. "Challenges to a Policy Treatment of Speculative Trading Motivated by Differences in Beliefs," The Journal of Legal Studies, University of Chicago Press, vol. 43(S2), pages 173-182.
    4. Jean Baccelli, 2015. "Do Bets Reveal Beliefs?," Post-Print hal-01462293, HAL.
    5. Brian Hill, 2009. "Living without state-independence of utilities," Post-Print hal-00463428, HAL.
    6. Edi Karni & Philippe Mongin, 2000. "On the Determination of Subjective Probability by Choices," Management Science, INFORMS, vol. 46(2), pages 233-248, February.
    7. Peter J. Hammond, 2013. "Extending the Original Position: Revisiting the Pattanaik Critique of Vickrey/Harsanyi Utilitarianism," Global COE Hi-Stat Discussion Paper Series gd12-298, Institute of Economic Research, Hitotsubashi University.
    8. Elias Tsakas, 2022. "Belief identification with state-dependent utilities," Papers 2203.10505, arXiv.org, revised Nov 2022.
    9. Ganguli, Jayant & Heifetz, Aviad & Lee, Byung Soo, 2016. "Universal interactive preferences," Journal of Economic Theory, Elsevier, vol. 162(C), pages 237-260.
    10. Chambers, Christopher & Takashi Hayashi, 2003. "Preference Aggregation under Uncertainty: Savage vs. Pareto," Working Papers 1184, California Institute of Technology, Division of the Humanities and Social Sciences.
    11. Itzhak Gilboa & Andrew Postlewaite & David Schmeidler, 2007. "Probabilities in Economic Modeling," Levine's Bibliography 843644000000000357, UCLA Department of Economics.
    12. Maskin, Eric & Tirole, Jean, 2001. "Markov Perfect Equilibrium: I. Observable Actions," Journal of Economic Theory, Elsevier, vol. 100(2), pages 191-219, October.
    13. Grant, Simon & Meneghel, Idione & Tourky, Rabee, 2013. "Savage Games: A Theory of Strategic Interaction with Purely Subjective Uncertainty," Risk and Sustainable Management Group Working Papers 151501, University of Queensland, School of Economics.
    14. Hill, Brian, 2010. "An additively separable representation in the Savage framework," Journal of Economic Theory, Elsevier, vol. 145(5), pages 2044-2054, September.
    15. Luiz Vitiello & Ser-Huang Poon, 2022. "Option pricing with random risk aversion," Review of Quantitative Finance and Accounting, Springer, vol. 58(4), pages 1665-1684, May.
    16. Christian Gollier, 2020. "Aversion to risk of regret and preference for positively skewed risks," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 70(4), pages 913-941, November.
    17. Broll, Udo & Wong, Kit Pong, 2002. "Optimal full-hedging under state-dependent preferences," The Quarterly Review of Economics and Finance, Elsevier, vol. 42(5), pages 937-943.
    18. Hill, Brian, 2007. "Three analyses of sour grapes," HEC Research Papers Series 873, HEC Paris.
    19. Itzhak Gilboa & Andrew Postlewaite & David Schmeidler, 2008. "Probability and Uncertainty in Economic Modeling," Post-Print hal-00463394, HAL.
    20. Wong, Kit Pong, 2017. "Production and hedging under state-dependent preferences and background risk," International Review of Economics & Finance, Elsevier, vol. 51(C), pages 527-534.
    21. Hamed Hamze Bajgiran & Houman Owhadi, 2021. "Aggregation of Models, Choices, Beliefs, and Preferences," Papers 2111.11630, arXiv.org.
    22. Robert Nau, 2001. "De Finetti was Right: Probability Does Not Exist," Theory and Decision, Springer, vol. 51(2), pages 89-124, December.
    23. Izhakian, Yehuda, 2020. "A theoretical foundation of ambiguity measurement," Journal of Economic Theory, Elsevier, vol. 187(C).
    24. Ralph Keeney & Robert Nau, 2011. "A theorem for Bayesian group decisions," Journal of Risk and Uncertainty, Springer, vol. 43(1), pages 1-17, August.
    25. Galizzi, Matteo M. & Machado, Sara R. & Miniaci, Raffaele, 2016. "Temporal stability, cross-validity, and external validity of risk preferences measures: experimental evidence from a UK representative sample," LSE Research Online Documents on Economics 67554, London School of Economics and Political Science, LSE Library.
    26. Gilboa, Itzhak & Schmeidler, David, 2003. "A derivation of expected utility maximization in the context of a game," Games and Economic Behavior, Elsevier, vol. 44(1), pages 172-182, July.
    27. De Meyer, Bernard & Mongin, Philippe, 1995. "A note on affine aggregation," Economics Letters, Elsevier, vol. 47(2), pages 177-183, February.
    28. Dreze, Jacques H. & Rustichini, Aldo, 1999. "Moral hazard and conditional preferences," Journal of Mathematical Economics, Elsevier, vol. 31(2), pages 159-181, March.
    29. Edi Karni, 2005. "Foundations of Bayesian Theory," Economics Working Paper Archive 524, The Johns Hopkins University,Department of Economics.
    30. Blackorby, Charles & Donaldson, David & Weymark, John A., 1999. "Harsanyi's social aggregation theorem for state-contingent alternatives1," Journal of Mathematical Economics, Elsevier, vol. 32(3), pages 365-387, November.
    31. Takashi Hayashi, 2019. "What Should Society Maximise Under Uncertainty?," The Japanese Economic Review, Springer, vol. 70(4), pages 446-478, December.
    32. Izhakian, Yehuda, 2017. "Expected utility with uncertain probabilities theory," Journal of Mathematical Economics, Elsevier, vol. 69(C), pages 91-103.
    33. MONGIN, Philippe, 1996. "The Paradox of the Bayesian Experts and State-Dependent Utility Theory," LIDAM Discussion Papers CORE 1996026, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    34. Robert F. Nau, 2003. "A Generalization of Pratt-Arrow Measure to Nonexpected-Utility Preferences and Inseparable Probability and Utility," Management Science, INFORMS, vol. 49(8), pages 1089-1104, August.
    35. Elias Tsakas, 2021. "Identification of misreported beliefs," Papers 2112.12975, arXiv.org.
    36. Karni, Edi & Schmeidler, David, 1991. "On the Uniqueness of Subjective Probabilities," Foerder Institute for Economic Research Working Papers 275552, Tel-Aviv University > Foerder Institute for Economic Research.
    37. Grant, Simon & Meneghel, Idione & Tourky, Rabee, 2016. "Savage games," Theoretical Economics, Econometric Society, vol. 11(2), May.
    38. Nehring, Klaus, 2009. "Imprecise probabilistic beliefs as a context for decision-making under ambiguity," Journal of Economic Theory, Elsevier, vol. 144(3), pages 1054-1091, May.
    39. Klaus Nehring, 2006. "Decision-Making in the Context of Imprecise Probabilistic Beliefs," Economics Working Papers 0034, Institute for Advanced Study, School of Social Science.
    40. Brian Hill, 2007. "When is there state independence?," Working Papers hal-00582662, HAL.
    41. Robert Jarrow & Siguang Li, 2021. "Concavity, stochastic utility, and risk aversion," Finance and Stochastics, Springer, vol. 25(2), pages 311-330, April.
    42. Wong, Kit Pong, 2013. "Fixed versus variable rate loans under state-dependent preferences," Economic Modelling, Elsevier, vol. 31(C), pages 659-663.
    43. Krügel, Sebastian & Uhl, Matthias, 2023. "Is only one of my selves authentic? An empirical approach," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 102(C).
    44. Robert Nau, 2011. "Risk, ambiguity, and state-preference theory," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 48(2), pages 437-467, October.
    45. Udo Broll & Kit Wong, 2010. "Banking firm and hedging over the business cycle," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 9(1), pages 29-33, April.
    46. Dale O. Stahl, 2017. "Dynamic programming and behavioral rules," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 5(2), pages 165-174, October.
    47. Brandl, Florian, 2021. "Belief-averaging and relative utilitarianism," Journal of Economic Theory, Elsevier, vol. 198(C).
    48. Karni, Edi & Schmeidler, David, 1990. "Utility Theory and Uncertainty," Foerder Institute for Economic Research Working Papers 275480, Tel-Aviv University > Foerder Institute for Economic Research.
    49. Helena Gaspars-Wieloch, 2018. "The Impact of the Structure of the Payoff Matrix on the Final Decision made Under Uncertainty," Asia-Pacific Journal of Operational Research (APJOR), World Scientific Publishing Co. Pte. Ltd., vol. 35(01), pages 1-27, February.
    50. Edi Karni & David Schmeidler, 2016. "An expected utility theory for state-dependent preferences," Theory and Decision, Springer, vol. 81(4), pages 467-478, November.
    51. Robert F. Nau, 2006. "Uncertainty Aversion with Second-Order Utilities and Probabilities," Management Science, INFORMS, vol. 52(1), pages 136-145, January.
    52. Chew, Soo Hong & Wang, Wenqian, 2020. "On the robustness of indeterminacy in subjective probability," Economics Letters, Elsevier, vol. 188(C).
    53. Tsakas, Elias, 2016. "Reasonable doubt revisited," Research Memorandum 017, Maastricht University, Graduate School of Business and Economics (GSBE).
    54. Skiadas, Costis, 1997. "Subjective Probability under Additive Aggregation of Conditional Preferences," Journal of Economic Theory, Elsevier, vol. 76(2), pages 242-271, October.
    55. Sergey Nadtochiy & Michael Tehranchi, 2013. "Optimal investment for all time horizons and Martin boundary of space-time diffusions," Papers 1308.2254, arXiv.org, revised Jan 2014.
    56. Itzhak Gilboa & Andrew Postlewaite & David Schmeidler, 2007. "Probability and Uncertainty in Economic Modeling, Second Version," PIER Working Paper Archive 08-002, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 28 Jan 2008.
    57. Helena Gaspars-Wieloch, 2015. "On a decision rule supported by a forecasting stage based on the decision maker’s coefficient of optimism," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 23(3), pages 579-594, September.
    58. Haven, Emmanuel & Khrennikova, Polina, 2018. "A quantum-probabilistic paradigm: Non-consequential reasoning and state dependence in investment choice," Journal of Mathematical Economics, Elsevier, vol. 78(C), pages 186-197.
    59. Peter J. Hammond, 1997. "Subjectively Expected State-Independent Utility on State-Dependent Consequence Domains," Working Papers 97024, Stanford University, Department of Economics.
    60. Wei Wang & Huifu Xu, 2023. "Preference robust state-dependent distortion risk measure on act space and its application in optimal decision making," Computational Management Science, Springer, vol. 20(1), pages 1-51, December.
    61. Maria Grith & Wolfgang Karl Härdle & Volker Krätschmer, 2013. "Reference Dependent Preferences and the EPK Puzzle," SFB 649 Discussion Papers SFB649DP2013-023, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
    62. Elias Tsakas, 2023. "Belief identification by proxy," Papers 2311.13394, arXiv.org.
    63. Sigrid Kallblad & Jan Obloj & Thaleia Zariphopoulou, 2013. "Time--consistent investment under model uncertainty: the robust forward criteria," Papers 1311.3529, arXiv.org, revised Nov 2014.
    64. Wolfgang Härdle & Volker Krätschmer & Rouslan Moro, 2009. "A Microeconomic Explanation of the EPK Paradox," SFB 649 Discussion Papers SFB649DP2009-010, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
    65. Chambers, Christopher P. & Hayashi, Takashi, 2012. "Choice and individual welfare," Journal of Economic Theory, Elsevier, vol. 147(5), pages 1818-1849.
    66. Piermont, Evan, 2017. "Context dependent beliefs," Journal of Mathematical Economics, Elsevier, vol. 71(C), pages 63-73.

  89. Karni, Edi & Shapiro, Barbara, 1980. "Tales of Horror from Ivory Towers," Journal of Political Economy, University of Chicago Press, vol. 88(1), pages 210-212, February.

    Cited by:

    1. Adrian C. Darnell, 1994. "A Dictionary Of Econometrics," Books, Edward Elgar Publishing, number 118.
    2. Armstrong, J. Scott, 2011. "Illusions in Regression Analysis," MPRA Paper 81663, University Library of Munich, Germany.

  90. Karni, Edi, 1980. "A Note on Lucas's Equilibrium Model of the Business Cycle," Journal of Political Economy, University of Chicago Press, vol. 88(6), pages 1231-1236, December.

    Cited by:

    1. Martins, M.A.C., 1989. "An Equilibrium Theory of the Business Cycle Under Certainty," Brazilian Review of Econometrics, Sociedade Brasileira de Econometria - SBE, vol. 9(2), November.
    2. Ramser, Hans Jürgen, 1981. "Stand und Entwicklungsperspektiven der Konjunkturtheorie," Discussion Papers, Series I 158, University of Konstanz, Department of Economics.

  91. Karni, Edi, 1979. "On Multivariate Risk Aversion," Econometrica, Econometric Society, vol. 47(6), pages 1391-1401, November.

    Cited by:

    1. Finkelshtain, Israel & Chalfant, James, 1989. "Portfolio Choices in the Presence of Other Risks," CUDARE Working Papers 198492, University of California, Berkeley, Department of Agricultural and Resource Economics.
    2. Gourieroux, Christian & Sufana, Razvan, 2011. "Discrete time Wishart term structure models," Journal of Economic Dynamics and Control, Elsevier, vol. 35(6), pages 815-824, June.
    3. Christoph Heinzel, 2014. "Term structure of discount rates under multivariate s-ordered consumption growth," Working Papers SMART 14-01, INRAE UMR SMART.
    4. Colson, Gérard, 1993. "Prenons-nous assez de risque dans les théories du risque?," L'Actualité Economique, Société Canadienne de Science Economique, vol. 69(1), pages 111-141, mars.
    5. Crainich, David & Eeckhoudt, Louis & Le Courtois, Olivier, 2017. "Health and portfolio choices: A diffidence approach," European Journal of Operational Research, Elsevier, vol. 259(1), pages 273-279.
    6. DREZE , Jacques H. & RUSTICHINI, Aldo, 2000. "State-dependent utility and decision theory," LIDAM Discussion Papers CORE 2000007, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    7. Karni, Edi & Safra, Zvi, 2002. "Intensity of the Sense of Fairness: Measurement and Behavioral Characterization," Journal of Economic Theory, Elsevier, vol. 105(2), pages 318-337, August.
    8. Antoine Bommier & François Le Grand, 2019. "Risk Aversion and Precautionary Savings in Dynamic Settings," Management Science, INFORMS, vol. 65(3), pages 1386-1397, March.
    9. Sudhir A. Shah, 2010. "Comparative Risk Aversion When the Outcomes are Vectors," Working Papers id:2907, eSocialSciences.
    10. Karni, Edi, 1981. "On the Correspondence Between Multivariate Risk Aversion and Risk Aversion with State-Dependent Preferences," Foerder Institute for Economic Research Working Papers 275340, Tel-Aviv University > Foerder Institute for Economic Research.
    11. Louis Raymond Eeckhoudt & Elisa Pagani & Eugenio Peluso, 2017. "Multidimensional Risk Aversion: The Cardinal Sin," Working Papers 12/2017, University of Verona, Department of Economics.
    12. Karni, Edi, 1980. "Risk Aversion of State-Dependent Utility Functions: Measurement and Applications," Foerder Institute for Economic Research Working Papers 275322, Tel-Aviv University > Foerder Institute for Economic Research.
    13. Eisenhauer, Joseph G., 2006. "Risk aversion and prudence in the large," Research in Economics, Elsevier, vol. 60(4), pages 179-187, December.
    14. Kannai, Yakar & Selden, Larry & Kang, Minwook & Wei, Xiao, 2016. "Risk neutrality regions," Journal of Mathematical Economics, Elsevier, vol. 62(C), pages 75-89.
    15. Finkelshtain, Israel & Chalfant, James A., 1989. "On The Behavior Of The Competitive Producer Under Multivariate Risks," 1989 Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk Meeting, April 9-12, 1989, Sanibel Island, Florida 271528, Regional Research Projects > S-232: Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk.
    16. Finkelshtain, Israel & Chalfant, James, 1991. "Aversion to Income Risk in the Presence of Multivariable Risk," CUDARE Working Papers 198580, University of California, Berkeley, Department of Agricultural and Resource Economics.
    17. Chollete, Lorán & de la Peña, Victor & Lu, Ching-Chih, 2012. "International diversification: An extreme value approach," Journal of Banking & Finance, Elsevier, vol. 36(3), pages 871-885.
    18. Sudhir A. Shah, 2006. "Comparative risk aversion when the outcomes are vectors," Working papers 149, Centre for Development Economics, Delhi School of Economics.
    19. Sudhir A. Shah, 2016. "The Generalized Arrow-Pratt Coefficient," Working papers 254, Centre for Development Economics, Delhi School of Economics.
    20. Robert Jarrow & Siguang Li, 2021. "Concavity, stochastic utility, and risk aversion," Finance and Stochastics, Springer, vol. 25(2), pages 311-330, April.
    21. Jouini, Elyès & Napp, Clotilde & Nocetti, Diego, 2013. "On multivariate prudence," Journal of Economic Theory, Elsevier, vol. 148(3), pages 1255-1267.
    22. Finkelshtain, Israel & Chalfant, James, 1990. "Marketed Surplus Under Risk: Do Peasants Agree with Sandmo?," CUDARE Working Papers 198573, University of California, Berkeley, Department of Agricultural and Resource Economics.
    23. Robert Nau, 2011. "Risk, ambiguity, and state-preference theory," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 48(2), pages 437-467, October.
    24. Steffen Andersen & James C. Cox & Glenn W. Harrison & Morten Lau & Elisabet E. Rutstroem & Vjollca Sadiraj, 2011. "Asset Integration and Attitudes to Risk: Theory and Evidence," Working Papers 2011_10, Durham University Business School.
    25. Elisa Pagani, 2015. "Certainty Equivalent: Many Meanings of a Mean," Working Papers 24/2015, University of Verona, Department of Economics.
    26. Christophe Courbage, 2001. "On Bivariate Risk Premia," Theory and Decision, Springer, vol. 50(1), pages 29-34, February.
    27. Chollete, Loran & de la Pena , Victor & Lu, Ching-Chih, 2009. "International Diversification: An Extreme Value Approach," UiS Working Papers in Economics and Finance 2009/26, University of Stavanger.
    28. Ali E. Abbas, 2011. "Decomposing the Cross Derivatives of a Multiattribute Utility Function into Risk Attitude and Value," Decision Analysis, INFORMS, vol. 8(2), pages 103-116, June.
    29. Marco G. Ercolani, 2004. "Risk aversion and risk loving in the small: a decomposition of the multivariate risk premium," Bulletin of Economic Research, Wiley Blackwell, vol. 56(1), pages 81-106, January.
    30. Alexei Alexandrov, 2015. "When Should Firms Expose Themselves to Risk?," Management Science, INFORMS, vol. 61(12), pages 3001-3008, December.
    31. Yonatan Aumann, 2015. "A conceptual foundation for the theory of risk aversion," Discussion Paper Series dp686, The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem.
    32. Ercolani, Marco, 2000. "The price augmented risk premium, theory and application," Economics Discussion Papers 8830, University of Essex, Department of Economics.
    33. Sidorenko, Alexandra, 2001. "Stochastic Model of Demand for Medical Care with Endogenous Labour Supply and Health Insurance," Departmental Working Papers 2001-08, The Australian National University, Arndt-Corden Department of Economics.
    34. Christopher Dobronyi & Christian Gouri'eroux, 2020. "Consumer Theory with Non-Parametric Taste Uncertainty and Individual Heterogeneity," Papers 2010.13937, arXiv.org, revised Jan 2021.
    35. Jean Fernand Nguema, 2003. "Sense of impartiality," Economics Bulletin, AccessEcon, vol. 4(31), pages 1-7.

  92. Edi Karni, 1978. "Collective Rationality, Unanimity and Liberal Ethics," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 45(3), pages 571-574.
    See citations under working paper version above.
  93. Karni, Edi, 1978. "Period analysis and continuous analysis in Patinkin's macroeconomic model," Journal of Economic Theory, Elsevier, vol. 17(1), pages 134-140, February.

    Cited by:

    1. Leland Yeager & Alan Rabin, 1997. "Monetary aspects of Walras's law and the stock-flow problem," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 25(1), pages 18-36, March.

  94. Karni, Edi & Schwartz, Aba, 1977. "Search theory: The case of search with uncertain recall," Journal of Economic Theory, Elsevier, vol. 16(1), pages 38-52, October.

    Cited by:

    1. Armstrong, Mark & Zhou, Jidong, 2014. "Search Deterrence," MPRA Paper 60891, University Library of Munich, Germany.
    2. Michael Wood & Theodore Noseworthy & Scott Colwell, 2013. "If You Can’t See the Forest for the Trees, You Might Just Cut Down the Forest: The Perils of Forced Choice on “Seemingly” Unethical Decision-Making," Journal of Business Ethics, Springer, vol. 118(3), pages 515-527, December.
    3. Kang, Byung-Kook, 1999. "Optimal stopping problem with recall cost," European Journal of Operational Research, Elsevier, vol. 117(2), pages 222-238, September.
    4. Benkert, Jean-Michel & Letina, Igor & Nöldeke, Georg, 2018. "Optimal search from multiple distributions with infinite horizon," Economics Letters, Elsevier, vol. 164(C), pages 15-18.
    5. Hedyeh Beyhaghi & Linda Cai, 2023. "Recent Developments in Pandora's Box Problem: Variants and Applications," Papers 2308.12242, arXiv.org.
    6. Alain Chateauneuf & Michèle Cohen & Isaac Meilijson, 2004. "Four notions of mean preserving increase in risk, risk attitudes and applications to the Rank-Dependent Expected Utility model," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00212281, HAL.
    7. DeSarbo, Wayne S. & Choi, Jungwhan, 1998. "A latent structure double hurdle regression model for exploring heterogeneity in consumer search patterns," Journal of Econometrics, Elsevier, vol. 89(1-2), pages 423-455, November.
    8. Saito, Tsuyoshi, 1999. "Optimal stopping problem with finite-period reservation," European Journal of Operational Research, Elsevier, vol. 118(3), pages 605-619, November.
    9. S. Nuray Akin & Brennan Platt, 2012. "A theory of search with deadlines and uncertain recall," Working Papers 2012-3, University of Miami, Department of Economics.
    10. Kinsey, Jean D. & Roe, Terry L. & Sexauer, Benjamin, 1980. "Imperfect Information, Consumer Theory, And Allocative Error In Consumption," Staff Papers 13742, University of Minnesota, Department of Applied Economics.
    11. Brennan Platt & Nuray Akin, 2012. "A theory of search with recall and uncertain deadlines," 2012 Meeting Papers 777, Society for Economic Dynamics.
    12. Chiu, Yen-Lin & Karni, Edi, 2021. "Competitive equilibrium fraud in markets for credence-goods," Journal of Mathematical Economics, Elsevier, vol. 96(C).
    13. Mariano Tommasi, 1992. "The Welfare Effects of Inflation, The Consequences of Price Instability on Search Markets," UCLA Economics Working Papers 655, UCLA Department of Economics.
    14. Maarten Janssen & Alexei Parakhonyak, 2014. "Consumer search markets with costly revisits," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 55(2), pages 481-514, February.
    15. Kang, Byung-Kook, 2005. "Optimal stopping problem with double reservation value property," European Journal of Operational Research, Elsevier, vol. 165(3), pages 765-785, September.
    16. Marcu, Emanuel & Noussair, Charles, 2018. "Sequential Search with a Price Freeze Option - Theory and Experimental Evidence," Other publications TiSEM dacf4815-c001-44c3-bda3-f, Tilburg University, School of Economics and Management.
    17. Wenjie Tang & J. Neil Bearden & Ilia Tsetlin, 2009. "Ultimatum Deadlines," Management Science, INFORMS, vol. 55(8), pages 1423-1437, August.
    18. Jorien Veldwijk & Mattijs S Lambooij & Esther W de Bekker-Grob & Henriëtte A Smit & G Ardine de Wit, 2014. "The Effect of Including an Opt-Out Option in Discrete Choice Experiments," PLOS ONE, Public Library of Science, vol. 9(11), pages 1-9, November.
    19. Timothy Gilbride & Joseph Guiltinan & Joel Urbany, 2008. "Framing effects in mixed price bundling," Marketing Letters, Springer, vol. 19(2), pages 125-139, June.

  95. Karni, Edi & Schmeidler, David, 1976. "Independence of nonfeasible alternatives, and independence of nonoptimal alternatives," Journal of Economic Theory, Elsevier, vol. 12(3), pages 488-493, June.

    Cited by:

    1. Geoffroy de Clippel & Camelia Bejan, 2009. "No Profitable Decomposition in Quasi-Linear Allocation Problems," Working Papers 2009-6, Brown University, Department of Economics.
    2. Vincent Martinet & Pedro Gajardo & Michel de Lara & Héctor Ramírez Cabrera, 2011. "Bargaining with intertemporal maximin payoffs," Working Papers hal-04141012, HAL.
    3. P. Mongin, 1998. "Does optimization imply rationality ?," THEMA Working Papers 98-17, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    4. Vincent Martinet & Pedro Gajardo & Michel de Lara, 2021. "Bargaining On Monotonic Economic Environments," Working Papers hal-03206724, HAL.
    5. Priscilla Man & Shino Takayama, 2012. "A Unifying Impossibility Theorem," Discussion Papers Series 448, School of Economics, University of Queensland, Australia.
    6. Eitan Muller & Mark Satterthwaite, 1976. "An Impossibility Theorem for Voting With a Different Interpretation," Discussion Papers 195, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    7. Geoffroy de Clippel, 2009. "Axiomatic Bargaining on Economic Enviornments with Lott," Working Papers 2009-5, Brown University, Department of Economics.
    8. Edi Karni, 1978. "Collective Rationality, Unanimity and Liberal Ethics," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 45(3), pages 571-574.

  96. Uri Ben-Zion & Edi Karni, 1976. "The Utility of Money and the Transactions Demand for Cash," Canadian Journal of Economics, Canadian Economics Association, vol. 9(1), pages 165-171, February.

    Cited by:

    1. P Ganugi & L Grossi & G Ianulardo, 2009. "Scale Economies and Heterogeneity in Business Money Demand: The Italian Experience," Department of Economics Working Papers 17/09, University of Bath, Department of Economics.

  97. Karni, Edi, 1974. "The Value of Time and the Demand for Money," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 6(1), pages 45-64, February.

    Cited by:

    1. Jonas D. M. Fisher & Frederic S. Mishkin & Casey B. Mulligan & Xavier X. Sala-i-Martin, 1997. "The optimum quantity of money: theory and evidence," Proceedings, Federal Reserve Bank of Cleveland, pages 687-724.
    2. Lenard, Thomas M. & Moss, William G., 1974. "A Comment on the Value of Time and the Demand for Money," Working Papers 229114, University of California, Davis, Department of Economics.
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    860. Banerji, Abhijit & Birol, Ekin & Karandikar, Bhushana & Rampal, Jeevant, 2016. "Information, branding, certification, and consumer willingness to pay for high-iron pearl millet: Evidence from experimental auctions in Maharashtra, India," Food Policy, Elsevier, vol. 62(C), pages 133-141.
    861. Jie Wu & Zefu Wu, 2019. "ISO certification and new product success in an emerging market," Asian Business & Management, Palgrave Macmillan, vol. 18(1), pages 51-71, February.

  100. Karni, Edi, 1972. "Inflation and Real Interest Rate: A Long-Term Analysis," Journal of Political Economy, University of Chicago Press, vol. 80(2), pages 365-374, March-Apr.

    Cited by:

    1. Richard T. Froyen, 1974. "Anticipated Inflation and the Real Rate of Interest," Eastern Economic Journal, Eastern Economic Association, vol. 1(3), pages 211-222, July.
    2. James S. Ang & Jess H. Chua & Anand S. Desai, 1979. "Evidence That The Common Stock Market Adjusts Fully For Expected Inflation," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 2(2), pages 97-109, September.

Chapters

  1. Karni, Edi & Maccheroni, Fabio & Marinacci, Massimo, 2015. "Ambiguity and Nonexpected Utility," Handbook of Game Theory with Economic Applications,, Elsevier.

    Cited by:

    1. Aniruddha Ghosh & Mohammed Ali Khan & Metin Uyanik, 2022. "The Intermediate Value Theorem and Decision-Making in Psychology and Economics: An Expositional Consolidation," Games, MDPI, vol. 13(4), pages 1-24, July.
    2. Yulin Liu & Luyao Zhang, 2022. "Cryptocurrency Valuation: An Explainable AI Approach," Papers 2201.12893, arXiv.org, revised Jul 2023.
    3. Rosenberg, Dinah & Vieille, Nicolas, 2019. "Zero-sum games with ambiguity," Games and Economic Behavior, Elsevier, vol. 117(C), pages 238-249.

  2. Karni, Edi & Schmeidler, David, 1991. "Utility theory with uncertainty," Handbook of Mathematical Economics, in: W. Hildenbrand & H. Sonnenschein (ed.), Handbook of Mathematical Economics, edition 1, volume 4, chapter 33, pages 1763-1831, Elsevier.

    Cited by:

    1. Rolf Aaberge, 2002. "Empirical Rules of Thumb for Choice under Uncertainty," ICER Working Papers 22-2002, ICER - International Centre for Economic Research.
    2. Chateauneuf, A. & Dana, R.-A, & Tallon, J.-M., 1997. "Optimal Risk-Sharing Rules and Equilibria With Non-Additive Expected Utility," Papiers d'Economie Mathématique et Applications 97.54, Université Panthéon-Sorbonne (Paris 1).
    3. Hammond, Peter J., 1999. "Non-Archimedean subjective probabilities in decision theory and games," Mathematical Social Sciences, Elsevier, vol. 38(2), pages 139-156, September.
    4. Edi Karni & Marie-Louise Vierø, 2012. ""Reverse Bayesianism": A Choice-Based Theory of Growing Awareness," Economics Working Paper Archive 591, The Johns Hopkins University,Department of Economics.
    5. De Giorgi, Enrico, 2005. "Reward-risk portfolio selection and stochastic dominance," Journal of Banking & Finance, Elsevier, vol. 29(4), pages 895-926, April.
    6. Eliazar, Iddo, 2004. "Doubling an investment," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 331(1), pages 240-252.
    7. Nakamura, Yutaka, 2001. "Totally convex preferences for gambles," Mathematical Social Sciences, Elsevier, vol. 42(3), pages 295-305, November.
    8. Trabelsi, Mohamed Ali, 2006. "Les nouveaux modèles de décision dans le risque et l’incertain : quel apport ? [The new models of decision under risk or uncertainty : What approach?]," MPRA Paper 25442, University Library of Munich, Germany.
    9. Dagsvik, John K., 2015. "Stochastic models for risky choices: A comparison of different axiomatizations," Journal of Mathematical Economics, Elsevier, vol. 60(C), pages 81-88.
    10. Trabelsi, Mohamed Ali, 2008. "Les nouveaux modèles de décision dans le risque et l’incertain : quel apport ? [The new models of decision under risk or uncertainty: What approach?]," MPRA Paper 83347, University Library of Munich, Germany, revised 2008.
    11. Edi Karni & Marie-Louise Viero, 2013. "Probabilistic Sophistication And Reverse Bayesianism," Working Paper 1303, Economics Department, Queen's University.
    12. Tallon, J.M., 1995. "Sunspot Equilibria and Non-Additive Expected Utility Maximizers," Papiers d'Economie Mathématique et Applications 95.14, Université Panthéon-Sorbonne (Paris 1).
    13. Ana Paula Martins, 2007. "Uninsurable Risks: Uncertainty in Production, the Value of Information and Price Dispersion," Annals of Economics and Finance, Society for AEF, vol. 8(2), pages 341-383, November.
    14. Umberto Cherubini, 1997. "Fuzzy measures and asset prices: accounting for information ambiguity," Applied Mathematical Finance, Taylor & Francis Journals, vol. 4(3), pages 135-149.
    15. Mehrez, Abraham, 1997. "The interface between OR/MS and decision theory," European Journal of Operational Research, Elsevier, vol. 99(1), pages 38-47, May.
    16. Zimper, Alexander, 2004. "On the Existence of Strategic Solutions for Games with Security- and Potential Level Players," Sonderforschungsbereich 504 Publications 04-04, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
    17. Zou, Guang & Faber, Michael Havbro & González, Arturo & Banisoleiman, Kian, 2021. "Computing the value of information from periodic testing in holistic decision making under uncertainty," Reliability Engineering and System Safety, Elsevier, vol. 206(C).
    18. Jean-Marc Tallon & Jean-Christophe Vergnaud, 2006. "Beliefs and Dynamic Consistency," Post-Print hal-00306458, HAL.
    19. Karni, Edi & Vierø, Marie-Louise, 2017. "Awareness of unawareness: A theory of decision making in the face of ignorance," Journal of Economic Theory, Elsevier, vol. 168(C), pages 301-328.
    20. Fredrik Andersson, 1999. "Uncertainty aversion in a simple insurance model," Finnish Economic Papers, Finnish Economic Association, vol. 12(1), pages 16-27, Spring.
    21. Werner Güth, 2006. "Satisficing in Portfolio Selection - Theoretical Aspects and Experimental Tests," Papers on Strategic Interaction 2006-16, Max Planck Institute of Economics, Strategic Interaction Group.
    22. Nathalie Etchart-Vincent, 2005. "Adequate Moods for Non-EU Decision Making in a Sequential Framework," CIRED Working Papers halshs-00004832, HAL.
    23. MacLaren, Donald, 1997. "Uncertainty Aversion and Technical Barriers to Trade: An Australian Example," 1995: Understanding Technical Barriers to Agricultural Trade Conference, December 1995, Tucson, Arizona 51388, International Agricultural Trade Research Consortium.
    24. Lall Ramrattan & Michael Szenberg, 2011. "Maurice Allais: A Review of His Major Works, A Memoriam, 1911–2010," The American Economist, Sage Publications, vol. 56(1), pages 104-122, May.
    25. Trabelsi, Mohamed Ali, 2006. "Les Nouveaux Modèles de Décision dans le Risque et l’Incertain : Quel Apport ? [The New Models of Decision Under Risk or Uncertainty : What Approach?]," MPRA Paper 76954, University Library of Munich, Germany.
    26. Filipe Campante & Quoc-Anh Do, 2010. "A Centered Index of Spatial Concentration: Expected Influence Approach," Working Papers hal-03460167, HAL.
    27. John K. Dagsvik, 1998. "Choice among Lotteries when Preferences are Stochastic," Discussion Papers 221, Statistics Norway, Research Department.
    28. Rolf Aaberge & Tarjei Havnes & Magne Mogstad, 2013. "A theory for ranking distribution functions," Discussion Papers 763, Statistics Norway, Research Department.
    29. Alejandro Esteller-More, 2004. "Tax Evasion in Interrelated Taxes," Public Economics 0401001, University Library of Munich, Germany.
    30. Joseph Kadane & Javier Girón & Daniel Peña & Peter Fishburn & Simon French & D. Lindley & Giovanni Parmigiani & Robert Winkler, 1993. "Several Bayesians: A review," TEST: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 2(1), pages 1-32, December.
    31. Hui Huang & Shunming Zhang, 2011. "The Distorted Theory of Rank-Dependent Expected Utility," Annals of Economics and Finance, Society for AEF, vol. 12(2), pages 233-263, November.
    32. Karni, Edi, 1992. "Utility theory with probability-dependent outcome valuation," Journal of Economic Theory, Elsevier, vol. 57(1), pages 111-124.
    33. Costis Skiadas, 1991. "Conditioning and Aggregation of Preferences," Discussion Papers 1010, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    34. John K. Dagsvik, 2006. "Axiomatization of Stochastic Models for Choice under Uncertainty," Discussion Papers 465, Statistics Norway, Research Department.
    35. Mehrez, A. & Muzumdar, M. & Acar, W. & Weinroth, G., 1995. "A Petri Net model view of decision making: an operational management analysis," Omega, Elsevier, vol. 23(1), pages 63-78, February.
    36. Alain Chateauneuf & Rose Anne Dana & Jean-Marc Tallon, 2000. "Optimal risk-sharing rules and equilibria with Choquet-expected-utility," Post-Print halshs-00451997, HAL.
    37. Dietrich, Franz, 2018. "Savage's theorem under changing awareness," Journal of Economic Theory, Elsevier, vol. 176(C), pages 1-54.
    38. Alexander Zimper, 2007. "Strategic games with security and potential level players," Theory and Decision, Springer, vol. 63(1), pages 53-78, August.
    39. Ulrich Schmidt, 2001. "Lottery Dependent Utility: a Reexamination," Theory and Decision, Springer, vol. 50(1), pages 35-58, February.
    40. John K. Dagsvik, 2005. "Choice under Uncertainty and Bounded Rationality," Discussion Papers 409, Statistics Norway, Research Department.
    41. David Dequech, 2008. "Varieties of uncertainty: a survey of the economic literature," Anais do XXXVI Encontro Nacional de Economia [Proceedings of the 36th Brazilian Economics Meeting] 200807211223070, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    42. Dominiak, Adam & Tserenjigmid, Gerelt, 2022. "Ambiguity under growing awareness," Journal of Economic Theory, Elsevier, vol. 199(C).
    43. Karni, Edi & Zhou, Nan, 2021. "Weighted utility theory with incomplete preferences," Mathematical Social Sciences, Elsevier, vol. 113(C), pages 116-135.
    44. Marcus Pivato, 2020. "Subjective expected utility with a spectral state space," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 69(2), pages 249-313, March.
    45. Karni, Edi & Maccheroni, Fabio & Marinacci, Massimo, 2015. "Ambiguity and Nonexpected Utility," Handbook of Game Theory with Economic Applications,, Elsevier.
    46. Klaus Reiner Schenk-Hopp�, "undated". "Random Dynamical Systems in Economics," IEW - Working Papers 067, Institute for Empirical Research in Economics - University of Zurich.
    47. Borglin, Anders & Flåm, Sjur, 2007. "Rationalizing Constrained Contingent Claims," Working Papers 2007:12, Lund University, Department of Economics.
    48. Schmidt, Ulrich & Zimper, Alexander, 2003. "Security And Potential Level Preferences With," Sonderforschungsbereich 504 Publications 03-29, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
    49. Jean-Marc Tallon, 1998. "Do sunspots matter when agents are Choquet-expected-utility maximizers?," Post-Print halshs-00502493, HAL.
    50. Peter J. Hammond, 1997. "Subjectively Expected State-Independent Utility on State-Dependent Consequence Domains," Working Papers 97024, Stanford University, Department of Economics.
    51. Bleichrodt, Han, 1995. "QALYs and HYEs: Under what conditions are they equivalent?," Journal of Health Economics, Elsevier, vol. 14(1), pages 17-37, May.
    52. John Conley & Simon Wilkie, 2012. "The ordinal egalitarian bargaining solution for finite choice sets," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 38(1), pages 23-42, January.

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