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Partially Specified Probabilities: Decisions and Games
, 2012, vol. 4, issue 1, pages 70-100
American Economic Journal: Microeconomics 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)
Note: DOI: 10.1257/mic.4.1.70
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