Partially Specified Probabilities: Decisions and Games

Ehud Lehrer

American Economic Journal: Microeconomics, 2012, vol. 4, issue 1, 70-100

Abstract: The paper develops a theory of decision making based on partially specified probabilities. It takes an axiomatic approach using Anscombe and Aumann's (1963) setting, and is based on the concave integral for capacities. This theory is then expanded to interactive models in order to extend Nash equilibrium by introducing the concept of partially specified equilibrium. (JEL C70, D81, D83)

JEL-codes: C70 D81 D83 (search for similar items in EconPapers)
Date: 2012
Note: DOI: 10.1257/mic.4.1.70
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Citations: View citations in EconPapers (30)

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