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Choquet Rationality

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Author Info
Ghirardato, P.
Le Breton, M.

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Abstract

This paper provides a characterization of the consequences of the assumption that a decision maker with a given utility function is Choquet rational: She maximizes expected utility, but possibly with respect to non-additive beliefs, so that her preferences are represented by Choquet expected utility (CEU).

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Publisher Info
Paper provided by Catholique de Louvain - Center for Operations Research and Economics in its series Papers with number 9912.

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Length: 24 pages
Date of creation: 1999
Date of revision:
Handle: RePEc:fth:louvco:9912

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Postal: BELGIQUE, UNIVERSITE CATHOLIQUE DE LOUVAIN, CENTER FOR OPERATIONS RESEARCH AND ECONOMETRICS (CORE), LOUVAIN-LA-NEUVE, BELGIQUE.
Phone: 32(10)474321
Fax: 32(10)474301
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Web page: http://www.core.ucl.ac.be/
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Related research
Keywords: GAME THEORY UNCERTAINTY RISK

Other versions of this item:

Find related papers by JEL classification:
C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

Cited by:
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  1. Zimper, Alexander, 2003. "Uniqueness Conditions for Point-Rationalizable," Sonderforschungsbereich 504 Publications 03-28, Sonderforschungsbereich 504, Universität Mannheim & Sonderforschungsbereich 504, University of Mannheim. [Downloadable!]
  2. Alexander Zimper, 2005. "Equivalence between best responses and undominated strategies: a generalization from finite to compact strategy sets," Economics Bulletin, Economics Bulletin, vol. 3(7), pages 1-6. [Downloadable!]
  3. Zimper, Alexander, 2005. "Equivalence between best responses and undominated," Sonderforschungsbereich 504 Publications 05-08, Sonderforschungsbereich 504, Universität Mannheim & Sonderforschungsbereich 504, University of Mannheim. [Downloadable!]
  4. Zimper, Alexander, 2004. "A Note on the Equivalence of Rationalizability Concepts in Generalized Nice Games," Sonderforschungsbereich 504 Publications 04-03, Sonderforschungsbereich 504, Universität Mannheim & Sonderforschungsbereich 504, University of Mannheim. [Downloadable!]
  5. 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. [Downloadable!]
  6. Sujoy Mukerji & Hyun Song Shin, 2002. "Equilibrium Departures from Common Knowledge in Games with Non-Additive Expected Utility," Advances in Theoretical Economics, Berkeley Electronic Press, vol. 2(1), pages 1011-1011. [Downloadable!] (restricted)
    Other versions:
  7. Xiao Luo & Yi-Chun Chen, 2004. "A Unified Approach to Information, Knowledge, and Stability," Econometric Society 2004 Far Eastern Meetings 472, Econometric Society. [Downloadable!]
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This page was last updated on 2008-8-11.

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