No open-access location is known for this record yet.
No open-access location is known for this record yet.
Suppose that an economic agent is (1-ƒÃ)x100% certain that uncertainty she faces is characterized by a particular probability measure, but that she has a fear that, with ƒÃx100% chance, her conviction is completely wrong and she is left perfectly ignorant about the true measure in the present as well as in the future.This situation is often called "ƒÃ-contamination of con dence." The purpose of this paper is to provide a simple set of behavioral axioms under which the decision-maker's preference is represented by the Choquet expected utility with the ƒÃ-contamination of con dence.
Loading…
Imported from OpenAlex (CC0) — nothing here is generated.