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4. On the confidence preferences model

Type:	Artigo Científico
Title:	On the confidence preferences model
Author:	Chateauneuf, Alain Faro, José Heleno
Publication Date:	2012
Original Abstract:	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.
Keywords in original language :	Confidence functions Decision analysis Economics Fuzzy priors Multiple priors model Multiple priors model
Language:	Inglês
CNPq Area:	Ciências Sociais Aplicadas
URI:	https://www.sciencedirect.com/science/article/pii/S0165011411003757?via%3Dihub
Copyright:	O INSPER E ESTE REPOSITÓRIO NÃO DETÊM OS DIREITOS DE USO E REPRODUÇÃO DOS CONTEÚDOS AQUI REGISTRADOS. É RESPONSABILIDADE DOS USUÁRIOS INDIVIDUAIS VERIFICAR OS USOS PERMITIDOS NA FONTE ORIGINAL, RESPEITANDO-SE OS DIREITOS DE AUTOR OU EDITOR
Appears in Collections:	Coleção de Artigos Científicos

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