Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/127210 
Erscheinungsjahr: 
2003
Schriftenreihe/Nr.: 
Discussion Paper Series No. 393
Verlag: 
University of Heidelberg, Department of Economics, Heidelberg
Zusammenfassung: 
The concept of a non-extreme-outcome-additive capacity (neo-additive capacity ) is introduced. Neo-additive capacities model optimistic and pessimistic attitudes towards uncertainty as observed in many experimental studies. Moreover, neo-additive capacities can be applied easily in economic problems, aswe demonstrate by examples. This paper provides an axiomatisation of Choquet expected utility with neo-capacities in a framework of purely subjective uncertainty.
Schlagwörter: 
optimism
pessimism
Choquet expected utility
portfolio choice
JEL: 
D81
Dokumentart: 
Working Paper

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