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A new approach to modeling decision-making under uncertainty

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  • Edi Karni

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  • 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.
    • Handle: RePEc:spr:joecth:v:33:y:2007:i:2:p:225-242
    DOI: 10.1007/s00199-006-0138-y
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    References listed on IDEAS

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    1. Machina Mark J. & Schmeidler David, 1995. "Bayes without Bernoulli: Simple Conditions for Probabilistically Sophisticated Choice," Journal of Economic Theory, Elsevier, vol. 67(1), pages 106-128, October.
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    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.

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    More about this item

    Keywords

    Expected utility with action-dependent subjective probabilities and effect-dependent utility; Probabilistically sophisticated choice; D81; D82; D86;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • D86 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Economics of Contract Law

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