The von Neumann/Morgenstern approach to ambiguity
An outcome is ambiguous if it is an incomplete description of the probability distribution over consequences. An `incomplete description' is identified with the set of probabilities that satisfy the incomplete description. A choice problem is uncertain if the decision maker is choosing between...
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| Format: | Others |
| Language: | English |
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2012
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| Online Access: | http://hdl.handle.net/2152/ETD-UT-2011-08-4292 |