On the confidence preferences model
Autores
Chateauneuf, Alain
Orientador
Co-orientadores
Citações na Scopus
Tipo de documento
Artigo Científico
Data
2012
Resumo
In this paper we study the model of decision under uncertainty consistent with confidence preferences. In that model, a decision maker held beliefs represented by a fuzzy set of priors and tastes captured by a standard affine utility index on consequences. First, we find some interesting properties concerning the well-known maxmin expected utility model, taking into account the point of view of the confidence preferences model. Further, we provide new examples of preferences that capture ambiguity-averse attitudes weaker than ambiguity attitudes featured by maxmin expected utility theory. Finally, we discuss the axiomatic foundations for the confidence preferences model with optimistic behavior.
Palavras-chave
Confidence functions; Decision analysis; Economics; Fuzzy priors; Multiple priors model; Multiple priors model
Titulo de periódico
Fuzzy Sets and Systems
DOI
Título de Livro
URL na Scopus
Idioma
Inglês
Notas
Membros da banca
Área do Conhecimento CNPQ
Ciências Sociais Aplicadas