Rational evaluation of actions under complete uncertainty

Date

2001

Director

Publisher

Acceso abierto / Sarbide irekia
Documento de trabajo / Lan gaia

Project identifier

Abstract

This work analyzes the problem of individual choice of actions under complete uncertainty. In this context, each action consists of a set of different possible outcomes with no probability distribution associated with them. The work examines and defines a class of choice procedures in which: a): the evaluation of sets (actions) is element-induced; and b): certain assumption of rationality, which is an adaptation of Sen's condition, is satisfied. Some results of characterization show that different well-known rules can be reinterpreted as particular cases within the defined class, each of them responding to different attitudes towards uncertainty by the agent.

Description

Keywords

Choice under complete uncertainty, Element induced rules

Department

Economía / Ekonomia

Faculty/School

Degree

Doctorate program

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CC Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0)

Licencia

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