Scholarlink

When we are not given a probability distribution as an object as in the von-Neumann/Morgenstern expected utility theory, the decision maker has to form one subjectively in a certain way. While it will be something that is obtained by processing some objective information, it is ultimately a subjective one. Then, how can an outside observer identify such subjective belief from the decision maker’s choices?

错误：搜索内容不能为空，请输入英文关键词
错误：关键词超出字数限制，请精简
高级检索

Decision Under Uncertainty and Subjective Belief

  • 章节

  • 发表日期：

    2025年

查看全文
  • Takashi Hayashi

摘要

When we are not given a probability distribution as an object as in the von-Neumann/Morgenstern expected utility theory, the decision maker has to form one subjectively in a certain way. While it will be something that is obtained by processing some objective information, it is ultimately a subjective one. Then, how can an outside observer identify such subjective belief from the decision maker’s choices?