Objective and Subjective Rationality in a Multiple Prior Model

Itzhak Gilboa, Fabio Maccheroni, Massimo Marinacci and David Schmeidler

Econometrica, 2010, vol. 78, issue 2, 755-770

Abstract: A decision maker (DM) is characterized by two binary relations. The first reflects choices that are rational in an "objective" sense: the DM can convince others that she is right in making them. The second relation models choices that are rational in a "subjective" sense: the DM cannot be convinced that she is wrong in making them. Copyright 2010 The Econometric Society.

Date: 2010
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Working Paper: Objective and Subjective Rationality in a Multiple Prior Model (2010)
Working Paper: Objective and Subjective Rationality in a Multiple Prior Model (2009)
Working Paper: Objective and Subjective Rationality in a Multiple Prior Model (2008)
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