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Working Papers, Department of Economics, UC Davis >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/58398
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Schipper, Burkhard | | en_US |
| dc.date.accessioned | | 2012-06-07 | | en_US |
| dc.date.accessioned | | 2012-06-12T13:34:06Z | | - |
| dc.date.available | | 2012-06-12T13:34:06Z | | - |
| dc.date.issued | | 2011 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/58398 | | - |
| dc.description.abstract | | We 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.iso | | eng | | en_US |
| dc.publisher | | Dep. of Economics, Univ. of California Davis, Calif. | | en_US |
| dc.relation.ispartofseries | | Working Papers, University of California, Department of Economics 10,22 | | en_US |
| dc.subject.jel | | C70 | | en_US |
| dc.subject.jel | | C72 | | en_US |
| dc.subject.jel | | D03 | | en_US |
| dc.subject.jel | | D80 | | en_US |
| dc.subject.jel | | D81 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | unawareness | | en_US |
| dc.subject.keyword | | awareness | | en_US |
| dc.subject.keyword | | unforeseen contingencies | | en_US |
| dc.subject.keyword | | null | | en_US |
| dc.subject.keyword | | probability | | en_US |
| dc.subject.keyword | | zero | | en_US |
| dc.subject.keyword | | subjective expected utility | | en_US |
| dc.subject.keyword | | Anscombe-Aumann | | en_US |
| dc.subject.keyword | | small worlds | | en_US |
| dc.title | | Awareness-dependent subjective expected utility | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 717274144 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | Working Papers, Department of Economics, UC Davis
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