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dc.contributor.authorSchipper, Burkharden_US
dc.date.accessioned2012-06-07en_US
dc.date.accessioned2012-06-12T13:34:06Z-
dc.date.available2012-06-12T13:34:06Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/58398-
dc.description.abstractWe develop awareness-dependent subjective expected utility by taking unawareness structures introduced in Heifetz, Meier, and Schipper (2006, 2008, 2011a) as primitives in the Anscombe-Aumann approach to subjective expected utility. We observe that a decision maker is unaware of an event if and only if her choices reveal that the event is null and the negation of the event is null. Moreover, we characterize impersonal expected utility that is behaviorally indistinguishable from awareness-dependent subject expected utility and assigns probability zero to some subsets of states that are not necessarily events. We discuss in what sense probability zero can model unawareness.en_US
dc.language.isoengen_US
dc.publisherDep. of Economics, Univ. of California Davis, Calif.en_US
dc.relation.ispartofseriesWorking Papers, University of California, Department of Economics 10,22en_US
dc.subject.jelC70en_US
dc.subject.jelC72en_US
dc.subject.jelD03en_US
dc.subject.jelD80en_US
dc.subject.jelD81en_US
dc.subject.ddc330en_US
dc.subject.keywordunawarenessen_US
dc.subject.keywordawarenessen_US
dc.subject.keywordunforeseen contingenciesen_US
dc.subject.keywordnullen_US
dc.subject.keywordprobabilityen_US
dc.subject.keywordzeroen_US
dc.subject.keywordsubjective expected utilityen_US
dc.subject.keywordAnscombe-Aumannen_US
dc.subject.keywordsmall worldsen_US
dc.titleAwareness-dependent subjective expected utilityen_US
dc.typeWorking Paperen_US
dc.identifier.ppn717274144en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Working Papers, Department of Economics, UC Davis

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