Incorporating a stochastic element into decision theories

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Loomes, G. and Sugden, R. (1995) Incorporating a stochastic element into decision theories. European Economic Review, 39 (3-4). pp. 641-648. ISSN 0014-2921

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Abstract

Recent papers by Harless and Camerer (1994) and Hey and Orme (1994) have employed two rather different models of errors in decision making under uncertainty. The present paper develops a third approach and shows how different stochastic specifications of the same deterministic 'core' theory may generate very different (and sometimes surprising) hypotheses.

Item Type:	Article
Uncontrolled Keywords:	decision theory,imprecise preferences,uncertainty
Faculty \ School:	Faculty of Social Sciences > School of Economics
UEA Research Groups:	Faculty of Social Sciences > Research Groups > Economic Theory Faculty of Social Sciences > Research Centres > Centre for Behavioural and Experimental Social Sciences Faculty of Social Sciences > Research Centres > Centre for Competition Policy Faculty of Social Sciences > Research Groups > Behavioural Economics
Related URLs:	http://www.scopus.com/inward/record.url?...
Depositing User:	Pure Connector
Date Deposited:	19 Nov 2013 16:14
Last Modified:	18 Apr 2023 23:43
URI:	https://ueaeprints.uea.ac.uk/id/eprint/44503
DOI:

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