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- W2034128487 abstract "In this paper we study the model of decision under uncertainty consistent with confidence preferences. In that model, a decision maker held beliefs represented by a fuzzy set of priors and tastes captured by a standard affine utility index on consequences. First, we find some interesting properties concerning the well-known maxmin expected utility model, taking into account the point of view of the confidence preferences model. Further, we provide new examples of preferences that capture ambiguity-averse attitudes weaker than ambiguity attitudes featured by maxmin expected utility theory. Finally, we discuss the axiomatic foundations for the confidence preferences model with optimistic behavior." @default.
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- W2034128487 date "2012-02-01" @default.
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- W2034128487 title "On the confidence preferences model" @default.
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- W2034128487 doi "https://doi.org/10.1016/j.fss.2011.08.002" @default.
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