Are beliefs a matter of taste? A case for objective imprecise information

Raphaël Giraud and Jean-Marc Tallon

Documents de travail du Centre d'Economie de la Sorbonne from Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne

Abstract: We argue, in the spirit of some of Jean-Yves Jaffray's work, that explicitly incorporating the information, however imprecise, available to the decision marker is relevant, feasible and fruitful. In particular, we show that it can lead us to know whether the decision maker has wrong beliefs and whether it matters or not, that it makes it possible to better model and analyze how the decision maker takes into account new information, even when this information is not an event and finally that it is crucial when attempting to identify and measure the decision maker's attitude toward imprecise information

Keywords: Beliefs; imprecision; information (search for similar items in EconPapers)
JEL-codes: B41 D80 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2009-12
New Economics Papers: this item is included in nep-cbe and nep-upt
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
ftp://mse.univ-paris1.fr/pub/mse/CES2009/09086.pdf (application/pdf)

Related works:
Journal Article: Are beliefs a matter of taste? A case for objective imprecise information (2011)
Working Paper: Are beliefs a matter of taste? A case for Objective Imprecise Information (2011)
Working Paper: Are beliefs a matter of taste? A case for Objective Imprecise Information (2011)
Working Paper: Are beliefs a matter of taste? A case for Objective Imprecise Information (2011)
Working Paper: Are Beliefs a Matter of Taste ? A case for Objective Imprecise Information (2009)
Working Paper: Are Beliefs a Matter of Taste ? A case for Objective Imprecise Information (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:mse:cesdoc:09086

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