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American Economic Journal: Microeconomics: Vol. 4 No. 1 (February 2012)
AEJ: Micro Volume. 4, Issue 1 | 
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AEJ: Micro Forthcoming Articles
Partially Specified Probabilities: Decisions and Games
Article Citation
Lehrer, Ehud. 2012. "Partially Specified Probabilities: Decisions and Games."
American Economic Journal: Microeconomics,
4(1): 70-100.
DOI: 10.1257/mic.4.1.70
DOI: 10.1257/mic.4.1.70
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)
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Full-text Article
Authors
Lehrer, Ehud (Tel Aviv U and INSEAD, Fontainebleau)
JEL Classifications
C70: Game Theory and Bargaining Theory: General
D81: Criteria for Decision-Making under Risk and Uncertainty
D83: Search; Learning; Information and Knowledge; Communication; Belief
D81: Criteria for Decision-Making under Risk and Uncertainty
D83: Search; Learning; Information and Knowledge; Communication; Belief
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