Partially Specified Probabilities: Decisions and Games

Ehud Lehrer

American Economic Journal: Microeconomics, 2012, vol. 4, issue 1, pages 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
References: Add references at CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://www.aeaweb.org/articles.php?doi=10.1257/mic.4.1.70 (application/pdf)
Access to full text is restricted to AEA members and institutional subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:aea:aejmic:v:4:y:2012:i:1:p:70-100

Ordering information: This journal article can be ordered from
http://www.aeaweb.org/subscribe.html

Access Statistics for this article

American Economic Journal: Microeconomics is edited by Andrew Postlewaite

More articles in American Economic Journal: Microeconomics from American Economic Association
Contact information at EDIRC.
Series data maintained by Jane Voros ().