Risk, Ambiguity and Decision (Studies in Philosophy) by Daniel Ellsberg

By Daniel Ellsberg

Ellsberg elaborates on "Risk, Ambiguity, and the Savage Axioms" and mounts a strong problem to the dominant concept of rational choice during this publication.

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Brewer," Quarterly Journal of Economics 77, 676490. Fellner, W. (1965). Probability and Profit. Homewood, Illinois: Richard D. Irwin. Ferreira, P. (1972). "On Subjective Probability and Expected Utilities," Annals of Mathematical Statistics 43,928-933. Fishburn, P. (1983). "Ellsberg Revisited: A New Look at Comparative Probability," Annals of Statistics 11,1047-1059. Fishburn, P. (1986). "The Axioms of Subjective Probability," Statistical Science 1, 335-345. Reprinted in Hamouda and Rowley (1997b).

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