RISK, AMBIGUITY, AND THE SAVAGE AXIOMS

Abstract

A class of choice-situations is indicated in which many otherwise reasonable people neither wish nor tend to conform to the Savage postulates, nor to the other axiom sets that have been devised.

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Document Details

Document Type
Technical Report
Publication Date
Aug 01, 1961
Accession Number
AD0646719

Entities

People

  • Daniel Ellsberg

Organizations

  • RAND Corporation

Tags

DTIC Thesaurus Topics

  • Ambiguity
  • Australia
  • Corporations
  • Decision Theory
  • Judgment
  • New York
  • Observation
  • Observers
  • Probability
  • Probability Distributions
  • Psychological Tests
  • Psychology
  • Reflection
  • Reliability
  • Security
  • Statistical Decision Theory
  • Uncertainty

Fields of Study

  • Economics