Objective and Subjective Rationality in a Multiple Prior Model
A decision maker (DM) is characterized by two binary relations. The first reflects choices that are rational in an "objective" sense: the DM can convince others that she is right in making them. The second relation models choices that are rational in a "subjective" sense: the DM cannot be convinced that she is wrong in making them. Copyright 2010 The Econometric Society.
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Volume (Year): 78 (2010)
Issue (Month): 2 (03)
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