On State Dependent Preferences and Subjective Probabilities

Citations

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. Biheng, Noé & Bonnisseau, Jean-Marc, 2015. "Regular economies with ambiguity aversion," Journal of Mathematical Economics, Elsevier, vol. 59(C), pages 24-36.
   • Noé Biheng & Jean-Marc Bonnisseau, 2013. "Regular economies with ambiguity aversion," Post-Print halshs-00922782, HAL.
   • Noé Biheng & Jean-Marc Bonnisseau, 2015. "Regular economies with ambiguity aversion," Post-Print halshs-01185486, HAL.
   • Noé Biheng & Jean-Marc Bonnisseau, 2015. "Regular economies with ambiguity aversion," PSE - Labex "OSE-Ouvrir la Science Economique" halshs-01185486, HAL.
   • Noé Biheng & Jean-Marc Bonnisseau, 2013. "Regular economies with ambiguity aversion," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00922782, HAL.
   • Noé Biheng & Jean-Marc Bonnisseau, 2015. "Regular economies with ambiguity aversion," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01185486, HAL.
   • Noé Biheng & Jean-Marc Bonnisseau, 2015. "Regular economies with ambiguity aversion," PSE-Ecole d'économie de Paris (Postprint) halshs-01185486, HAL.
   • Noé Biheng & Jean-Marc Bonnisseau, 2013. "Regular economies with ambiguity aversion," Documents de travail du Centre d'Economie de la Sorbonne 13083, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
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.
   • Darrell Duffie, 2014. "Challenges to a Policy Treatment of Speculative Trading Motivated by Differences in Beliefs," Economics Working Papers 14106, Hoover Institution, Stanford University.
4. Jean Baccelli, 2015. "Do Bets Reveal Beliefs?," Post-Print hal-01462293, HAL.
5. Brian Hill, 2009. "Living without state-independence of utilities," Theory and Decision, Springer, vol. 67(4), pages 405-432, October.
   • Hill, Brian, 2007. "Living without state-independence of utilities," HEC Research Papers Series 874, HEC Paris.
   • Brian Hill, 2009. "Living without state-independence of utilities," Post-Print hal-00463428, HAL.
   • Brian Hill, 2007. "Living without state-independence of utilities," Working Papers hal-00584514, 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.
   • 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.
   • Karni, E. & Mongin, P., 1997. "On the Determination of Subjective Probability by Choices," Papers 9737, Paris X - Nanterre, U.F.R. de Sc. Ec. Gest. Maths Infor..
7. Hammond, Peter J, 2013. "Extending the Original Position : Revisiting the Pattanaik Critique of Vickrey/Harsanyi Utilitarianism," The Warwick Economics Research Paper Series (TWERPS) 1008, University of Warwick, Department of Economics.
   • 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.
   • Hammond, Peter J., 2013. "Extending the Original Position: Revisiting the Pattanaik Critique of Vickrey/Harsanyi Utilitarianism," Economic Research Papers 270541, University of Warwick - Department of Economics.
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.
   • Ganguli, J & Heifetz, A, 2012. "Universal interactive preferences," Economics Discussion Papers 5629, University of Essex, Department of Economics.
10. Chambers, Christopher P. & Hayashi, Takashi, 2006. "Preference aggregation under uncertainty: Savage vs. Pareto," Games and Economic Behavior, Elsevier, vol. 54(2), pages 430-440, February.
    • 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," PIER Working Paper Archive 07-023, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    • Itzhak Gilboa & Andrew Postlewaite & David Schmeidler, 2008. "Probabilities in Economic Modelling," Levine's Working Paper Archive 122247000000001976, David K. Levine.
    • 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.
    • Eric Maskin & Jean Tirole, 1997. "Markov Perfect Equilibrium, I: Observable Actions," Harvard Institute of Economic Research Working Papers 1799, Harvard - Institute of Economic Research.
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.
    • Brian, HILL, 2007. "An additively separable representation in the Savage framework," HEC Research Papers Series 882, HEC Paris.
    • Brian Hill, 2007. "An additively separable representation in the Savage framework," Working Papers hal-00582661, HAL.
    • Brian Hill, 2010. "An additively separable representation in the Savage framework," Post-Print hal-00521803, HAL.
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.
    • Gollier, Christian, 2016. "Aversion to risk of regret and preference for positively skewed risks," TSE Working Papers 16-646, Toulouse School of Economics (TSE), revised Sep 2016.
    • Christian Gollier, 2020. "Aversion to risk of regret and preference for positively skewed risks," Post-Print hal-03142627, HAL.
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. Brian Hill, 2007. "Three Analyses of Sour Grapes," Working Papers hal-00582663, HAL.
    • Hill, Brian, 2007. "Three analyses of sour grapes," HEC Research Papers Series 873, HEC Paris.
19. I. Gilboa & W. A. Postlewaite & D. Schmeidler, 2009. "Probability and Uncertainty in Economic Modeling," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 10.
    • Itzhak Gilboa & Andrew W. Postlewaite & David Schmeidler, 2008. "Probability and Uncertainty in Economic Modeling," Journal of Economic Perspectives, American Economic Association, vol. 22(3), pages 173-188, Summer.
    • 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.
    • Itzhak Gilboa & David Schmeidler, 2001. "A Derivation of Expected Utility Maximization in the Context of a Game," Cowles Foundation Discussion Papers 1342, Cowles Foundation for Research in Economics, Yale University.
    • Gilboa, I. & Schmeidler, D., 2001. "A Derivation of Expected Utility Maximization in the Context of a Game," Papers 2001-18, Tel Aviv.
27. De Meyer, Bernard & Mongin, Philippe, 1995. "A note on affine aggregation," Economics Letters, Elsevier, vol. 47(2), pages 177-183, February.
    • DE MEYER, Bernard & MONGIN , Philippe, 1994. "A Note on Affine Aggregation," LIDAM Discussion Papers CORE 1994014, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    • Bernard de Meyer & Philippe Mongin, 1995. "A note on affine aggregation," Post-Print hal-00259707, HAL.
    • Bernard de Meyer & Philippe Mongin, 1995. "A note on affine aggregation," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00259707, HAL.
    • De Meyer, B. & Mongin, P., 1995. "A note on affine aggregation," LIDAM Reprints CORE 1136, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
28. Dreze, Jacques H. & Rustichini, Aldo, 1999. "Moral hazard and conditional preferences," Journal of Mathematical Economics, Elsevier, vol. 31(2), pages 159-181, March.
    • DREZE, Jacques H. & RUSTICHINI, Aldo, 1995. "Moral Hazard and Conditional Preferences," LIDAM Discussion Papers CORE 1995010, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
29. Karni, Edi, 2007. "Foundations of Bayesian theory," Journal of Economic Theory, Elsevier, vol. 132(1), pages 167-188, January.
    • 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, 1998. "The paradox of the Bayesian experts and state-dependent utility theory," Journal of Mathematical Economics, Elsevier, vol. 29(3), pages 331-361, April.
    • 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).
    • P. Mongin., 1997. "The paradox of the Bayesian experts and state-dependent utility theory," THEMA Working Papers 97-15, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    • MONGIN, Philippe, 1998. "The paradox of the Bayesian experts and state-dependent utility theory," LIDAM Reprints CORE 1312, 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, 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.
    • Karni, E. & Schmeidler, D., 1991. "On the Uniqueness of Subjective Probabilities," Papers 1-92, Tel Aviv - the Sackler Institute of Economic Studies.
    • 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. Hill, Brian, 2009. "When is there state independence?," Journal of Economic Theory, Elsevier, vol. 144(3), pages 1119-1134, May.
    • Brian, HILL, 2007. "When is there state independence?," HEC Research Papers Series 883, HEC Paris.
    • Brian Hill, 2009. "When is there state independence?," Post-Print hal-00463429, HAL.
    • 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.
    • 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.
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. "Probabilities in Economic Modeling," PIER Working Paper Archive 07-023, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    • 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.
    • Chambers, Christopher P. & Hayashi, Takashi, 2008. "Choice and individual welfare," Working Papers 1286, California Institute of Technology, Division of the Humanities and Social Sciences.
66. Piermont, Evan, 2017. "Context dependent beliefs," Journal of Mathematical Economics, Elsevier, vol. 71(C), pages 63-73.