Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/67748 
Erscheinungsjahr: 
2011
Schriftenreihe/Nr.: 
Queen's Economics Department Working Paper No. 1258
Verlag: 
Queen's University, Department of Economics, Kingston (Ontario)
Zusammenfassung: 
This paper invokes the axiomatic approach to explore the notion of growing awareness in the context of decision making under uncertainty. It introduces a new approach to modeling the expanding universe of a decision maker in the wake of becoming aware of new consequences, new acts, and new links between acts and consequences. The expanding universe, or state space, is accompanied by extension of the set of acts. The preference relations over the expanded sets of acts are linked by unchanging preferences over the satisfaction of basic needs. The main results are representation theorems and corresponding rules for updating beliefs over expanding state spaces that have the flavor of reverse Bayesianism.
Schlagwörter: 
awareness
unawareness
reverse Bayesianism
JEL: 
D8
D81
D83
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
283.64 kB





Publikationen in EconStor sind urheberrechtlich geschützt.