ISSN:
1573-7187
Keywords:
Partial information
;
coherence
;
preferences
;
beliefs
;
axiomatics
Source:
Springer Online Journal Archives 1860-2000
Topics:
Sociology
,
Economics
Notes:
Abstract We show how to model incompleteness in the decision maker's judgements, within a Bayesian context, providing axioms which lead us to work with families of values or probabilities and utilities. The proper solution concepts are suggested. On the whole, we provide a more robust decision theory, based on a weaker set of axioms, but embodying coherence, since it essentially implies carrying out a family of coherent decision analyses.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1007/BF00133984
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