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- W2604466803 abstract "This paper discusses models of choice under imprecise objective proba- bilistic information featuring beliefs about beliefs - second order beliefs. A new model, called Second Order Dual Expected Utility (SODEU) featuring non-additive second order beliefs is introduced, axiomatized and systemati- cally contrasted with the leading alternative model of this kind, the Second Order Subjective Expected Utility (SOSEU) model (Klibanoff, Marinacci, and Mukerji, 2005; Nau, 2006; Seo, 2009) for which, for the sake of comparison, we provide a new axiomatization, dispensing with the complex constructs used in extant axiomatizations. Ambiguity attitude and attitude toward information in general are discussed and characterized." @default.
- W2604466803 created "2017-04-14" @default.
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- W2604466803 date "2013-07-01" @default.
- W2604466803 modified "2023-09-25" @default.
- W2604466803 title "Second Order Beliefs Models of Choice under Imprecise Risk" @default.
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