Matches in SemOpenAlex for { <https://semopenalex.org/work/W3153259312> ?p ?o ?g. }
Showing items 1 to 50 of
50
with 100 items per page.
- W3153259312 abstract "The principle of indifference states that events should be assigned equal probabilities if no reason can be given for regarding one event as more likely than another. This paper provides a normative argument for the principle of indifference based on a new formal model of decision under uncertainty, called naive uncertainty. The model consists of a set of preferences and their utility representation, from which the principle of indifference arises as utility maximizing. Faced with a finite collection of choice alternatives to which allocation weights are to be assigned, the decision maker under naive uncertainty essentially considers all possible probability distributions associated with the random payoffs, and chooses the allocation that minimizes the variability of outcome across all probabilities. The optimal allocation under naive uncertainty is shown to be the equal weighted allocation. Diverse examples of applications of the model of naive uncertainty and the principle of indifference are given, including naive diversification, evolutionary behavior, and policy making using expert panels." @default.
- W3153259312 created "2021-04-26" @default.
- W3153259312 creator A5015857119 @default.
- W3153259312 date "2019-01-01" @default.
- W3153259312 modified "2023-10-14" @default.
- W3153259312 title "Naive Uncertainty and the Principle of Indifference" @default.
- W3153259312 doi "https://doi.org/10.2139/ssrn.3316375" @default.
- W3153259312 hasPublicationYear "2019" @default.
- W3153259312 type Work @default.
- W3153259312 sameAs 3153259312 @default.
- W3153259312 citedByCount "0" @default.
- W3153259312 crossrefType "journal-article" @default.
- W3153259312 hasAuthorship W3153259312A5015857119 @default.
- W3153259312 hasConcept C105795698 @default.
- W3153259312 hasConcept C144237770 @default.
- W3153259312 hasConcept C149782125 @default.
- W3153259312 hasConcept C162324750 @default.
- W3153259312 hasConcept C185592680 @default.
- W3153259312 hasConcept C205706631 @default.
- W3153259312 hasConcept C28901747 @default.
- W3153259312 hasConcept C33923547 @default.
- W3153259312 hasConcept C55493867 @default.
- W3153259312 hasConcept C98184364 @default.
- W3153259312 hasConceptScore W3153259312C105795698 @default.
- W3153259312 hasConceptScore W3153259312C144237770 @default.
- W3153259312 hasConceptScore W3153259312C149782125 @default.
- W3153259312 hasConceptScore W3153259312C162324750 @default.
- W3153259312 hasConceptScore W3153259312C185592680 @default.
- W3153259312 hasConceptScore W3153259312C205706631 @default.
- W3153259312 hasConceptScore W3153259312C28901747 @default.
- W3153259312 hasConceptScore W3153259312C33923547 @default.
- W3153259312 hasConceptScore W3153259312C55493867 @default.
- W3153259312 hasConceptScore W3153259312C98184364 @default.
- W3153259312 hasLocation W31532593121 @default.
- W3153259312 hasOpenAccess W3153259312 @default.
- W3153259312 hasPrimaryLocation W31532593121 @default.
- W3153259312 hasRelatedWork W2036712442 @default.
- W3153259312 hasRelatedWork W2040232156 @default.
- W3153259312 hasRelatedWork W2141016119 @default.
- W3153259312 hasRelatedWork W2288912756 @default.
- W3153259312 hasRelatedWork W2418475927 @default.
- W3153259312 hasRelatedWork W2511444485 @default.
- W3153259312 hasRelatedWork W3124938477 @default.
- W3153259312 hasRelatedWork W3125495611 @default.
- W3153259312 hasRelatedWork W3139884056 @default.
- W3153259312 hasRelatedWork W2306839906 @default.
- W3153259312 isParatext "false" @default.
- W3153259312 isRetracted "false" @default.
- W3153259312 magId "3153259312" @default.
- W3153259312 workType "article" @default.