Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: http://hdl.handle.net/10419/97478
Erscheinungsjahr: 
2014
Schriftenreihe/Nr.: 
Queen's Economics Department Working Paper No. 1322
Verlag: 
Queen's University, Department of Economics, Kingston (Ontario)
Zusammenfassung: 
In the wake of growing awareness, decision makers anticipate that they might become aware of material possibilities and ideas that, in their current state of ignorance, are unimaginable. This anticipation manifests itself in their choice behavior. This paper models this awareness of unawareness and axiomatizes a probabilistic sophisticated representation of beliefs about ignorance and subjective expected utility representation, in an enriched framework, that assigns utility to the unknown while maintaining, in both instances, the flavor of reverse Bayesianism of Karni and Vierø (2013, 2014).
Schlagwörter: 
Awareness
unawareness
ignorance
reverse Bayesianism
JEL: 
D8
D81
D83
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
254.15 kB





Publikationen in EconStor sind urheberrechtlich geschützt.