Titlebook: Beliefs, Interactions and Preferences; in Decision Making Mark J. Machina,Bertrand Munier Book 1999 Springer-Verlag US 1999 Attribut.arbitr

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Education Signalling and UncertaintyApplying the new concept of a . to signalling games, we show that a pooling equilibrium is the unique equilibrium outcome. With strategic uncertainty, signalling productivity by education may no longer be feasible.

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Probabilistic Interactions among Players of a Cooperative GameLet .. be a cooperative game on the finite set of players . that is a set function v called capacity from the power set .(.) to IR such that v(?) = O. .(S), for any coalition . ? . can be considered as the worth or power of the coalition of players being in the party . The set of all games defined on . is denoted .(.).

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Felix Singer,Sonja S. Singer M. A., B. Sc.the same consequence in all states of the world. More precisely, they postulate that the domain of consequences is state independent. But there are many decision problems where this hypothesis makes no sense — for instance, where there is a risk of death or serious injury. The point was first made b

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Felix Singer,Sonja S. Singer M. A., B. Sc.sociated the concavity of the von Neumann-Morgenstern utility function with some relevant aspects of the decision-maker’s preferences. In particular, risk aversion can be defined in terms of risk premium (i.e., the difference between the expected value and the certainty equivalent of a lottery). Wit

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Der Kostenbegriff und seine Unterbegriffeed expected utility preferences. In this paper, these tools are used to define absolute and relative risk premiums for decision-makers with generalised expected utility preferences. Comparisons of risk aversion, concepts of decreasing and increasing risk aversion and tools for comparative static ana

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Der Leistungsbegriff und seine Unterbegriffetrategies. Moreover, capacities can serve as a modelling tool for strategic uncertainty. However, four novel issues come up when the modelling device of non-additive probabilities (capacities) is transplanted from decision to game theory. First, there is the tension between the desire for more predi

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