The ruptures in the probability scale and some problems of modelling

Alexander Harin

2 citations0/0 files storedRePEc: Research Papers in Economics

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Decision-Making and Behavioral Economics Probability and Statistical Research Bayesian Modeling and Causal Inference

Abstract

The theorem of existence of the ruptures in the probability scale is used to solve some problems of modelling of the economic behavior of a man. The “four-fold-pattern” paradox is considered as an example of such solution.

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1995Risk attitudes and decision weights

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