Please use this identifier to cite or link to this item:
https://repositorio.insper.edu.br/handle/11224/3971
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 |
Files in This Item:
File | Description | Size | Format | |
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R_Artigo_2012_On the confidence preferences model.pdf | R_Artigo_2012_On the confidence preferences model | 225.58 kB | Adobe PDF | View/Open |
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