Titlebook: Beliefs, Interactions and Preferences; in Decision Making Mark J. Machina,Bertrand Munier Book 1999 Springer-Verlag US 1999 Attribut.arbitr

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The Preservation of Comparative Statics under Uncertaintyon’t affect supply. Sandmo (1971), however, showed that, if a finn fazes price uncertainty and is risk averse, then changes in fixed costs can affect its supply. Under certainty, input demands slope downward in own prices. Batra and Ullah (1974) however, showed that, if the finn faces price uncertai

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Non-Additive Beliefs: From Decision to Game Theorytrategies. Moreover, capacities can serve as a modelling tool for strategic uncertainty. However, four novel issues come up when the modelling device of non-additive probabilities (capacities) is transplanted from decision to game theory. First, there is the tension between the desire for more predi

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Do We Really Need Numerous Observations to Select Candidates? (The d-Day Theorem)straint of minimizing information costs and maximizing the principal’s confidence about the candidate who will be finally promoted. However, if it is straightforward that concerning the first aim, it is more or less always possible to observe the candidates in their current duties without any supple

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Combinatoric and Geometric Aspects of Some Probabilistic Choice Models — A Reviewoncerns a new class of stochastic models describing the evolution of preferences, and the other some probabilistic models for approval voting. After recalling various commonly used preference relations, we discuss the fundamental property of ‘wellgradedness’ which is satisfied by certain important f

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Arbitrage, Incomplete Models, and Other People’s Brainss. The idea that individuals make choices by rationally weighing values and uncertainties (or that they ought to, or at least act as if they do) is central to Bayesian methods of statistical inference and decision analysis; the theory of games of strategy; theories of competitive markets, industrial

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