Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/58398 
Full metadata record
DC FieldValueLanguage
dc.contributor.authorSchipper, Burkhard C.en
dc.date.accessioned2012-06-07-
dc.date.accessioned2012-06-12T13:34:06Z-
dc.date.available2012-06-12T13:34:06Z-
dc.date.issued2011-
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
dc.language.isoengen
dc.publisher|aUniversity of California, Department of Economics |cDavis, CAen
dc.relation.ispartofseries|aWorking Paper |x10-22en
dc.subject.jelC70en
dc.subject.jelC72en
dc.subject.jelD03en
dc.subject.jelD80en
dc.subject.jelD81en
dc.subject.ddc330en
dc.subject.keywordunawarenessen
dc.subject.keywordawarenessen
dc.subject.keywordunforeseen contingenciesen
dc.subject.keywordnullen
dc.subject.keywordprobabilityen
dc.subject.keywordzeroen
dc.subject.keywordsubjective expected utilityen
dc.subject.keywordAnscombe-Aumannen
dc.subject.keywordsmall worldsen
dc.titleAwareness-dependent subjective expected utility-
dc.typeWorking Paperen
dc.identifier.ppn717274144en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

Files in This Item:
File
Size
609.49 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.