A Chateauneuf, J Eichberger… - Journal of Economic Theory, 2007 - Elsevier
We develop the simplest generalization of subjective expected utility that can accommodate
both optimistic and pessimistic attitudes towards uncertainty—Choquet expected utility with
non-extreme-outcome-additive (neo-additive) capacities. A neo-additive capacity can be ...
S Grant, A Kajii… - Journal of Economic Theory, 1998 - Elsevier
Suppose agents value information not only to make contingent plans but also intrinsically.
How are such attitudes toward information related to attitudes toward risk? We generalize
the Kreps–Porteus recursive expected utility model, dropping both recursivity and ...
M Engers,
JS Gans, S Grant… - Journal of Political Economy, 1999 - JSTOR
This paper provides a theoretical explanation for the persistent use of alphabetical name
ordering on academic papers in economics. In a context in which market participants are
interested in evaluating the relative individual contribution of authors, it is an equilibrium ...
S Grant - Econometrica: Journal of the Econometric Society, 1995 - JSTOR
If an agent's preferences over subjectively uncertain acts are consistent with his or her
having a subjective probability distribution over the states of nature, then those preferences
can induce consistent preferences over" objectively" risky lotteries. Such" probabilistically ...
DR Melmoth… - Experimental brain research, 2006 - Springer
Abstract Theoretical considerations suggest that binocular information should provide
advantages, compared to monocular viewing, for the planning and execution of natural
reaching and grasping actions, but empirical support for this is quite equivocal. We have ...
S Grant… - Economica, 2003 - Wiley Online Library
Analysis of the equity premium puzzle has focused on private-sector capital markets.
However, the existence of an anomalous equity premium raises important issues in the
evaluation of public-sector investment projects. These issues are explored below. We ...
A Chateauneuf, J Eichberger… - 2003 - ub-madoc.bib.uni-mannheim.de
Abstract The concept of a non-extreme-outcome-additive capacity (neo-additive capacity) is
introduced. Neo-additive capacities model optimistic and pessimistic attitudes towards
uncertainty as observed in many experimental studies. Moreover, neo-additive capacities ...
J Eichberger, S Grant… - Journal of Mathematical Economics, 2007 - Elsevier
We apply Pires's coherence property between unconditional and conditional preferences
that admit a CEU representation. In conjunction with consequentialism (only those outcomes
on states which are still possible can matter for conditional preference) this implies that the ...
S Grant,
S King… - Journal of Economic Surveys, 1996 - Wiley Online Library
Abstract. We survey recent theoretical research on the effects of short-term share-price
based managerial incentive schemes. Such schemes can induce inefficient managerial
behaviour in both hidden action and hidden type contexts. These problems arise from ...
S Grant, A Kajii… - Econometrica, 2000 - Wiley Online Library
Ž. KREPS AND PORTEUS'1978 recursive expected utility model allows an agent to care
intrinsically about the timing of the resolution of uncertainty. For example, an anxious agent
may prefer early resolution while a hopeful agent may prefer late. Recursive expected ...
J Eichberger, S Grant… - Mathematical Social Sciences, 2005 - Elsevier
This paper investigates the dynamic consistency of Choquet Expected Utility (CEU)
preferences. A decision-maker is faced with an information structure represented by a fixed
filtration. If beliefs are represented by a convex capacity, we show that a necessary and ...
S Grant… - Econometrica: Journal of the Econometric Society, 1995 - JSTOR
IN Arecent PAPER Rubinstein, Safra, and Thomson2 (hereafter, RST) have provided an
interesting re-examination of the widely applied Nash solution for a two-person bargaining
problem. They recast the usual Nash bargaining problem into a more" natural" setting of ...
J Eichberger, S Grant… - European Economic Review, 1999 - Elsevier
For pension schemes, mutual funds, banks and other financial intermediaries, large portfolio
decisions are increasingly delegated to fund managers. Recently, there has been growing
concern that these managers seem to adopt extremely similar investment strategies. One ...
S Grant, A Kajii… - Journal of Economic Theory, 1992 - Elsevier
Abstract Without the Independence Axiom, a weaker substitution axiom,“ADI”, is necessary
for the preferences over money lotteries induced by the money metric utility function to be
well behaved. Given ADI, the agent's preferences over many-good lotteries can be ...
S Grant… - Economics Letters, 1994 - Elsevier
Abstract If business managers formulate strategies in terms of mark-ups, then it is natural to
think they will think of their rivals' actions in these terms. For a market characterized by
constant elasticity of demand and supply, the mark-up equilibrium is derived and ...
A Burgos, S Grant… - Games and Economic Behavior, 2002 - Elsevier
We study a multiperson bargaining problem with general risk preferences through the use of
Shaked's game of cycling offers with exogenous breakdown. If preferences are “smooth,”
then as the risk of breakdown vanishes, the limiting outcome is one in which bargainers ...
S Grant, A Kajii… - Theory and Decision, 2000 - Springer
We provide necessary and sufficient conditions for a dynamically consistent agent always to
prefer more informative signals (in single-agent problems). These conditions do not imply
recursivity, reduction or independence. We provide a simple definition of dynamically ...
S Grant… - Mathematical Social Sciences, 2005 - Elsevier
We present a definition of increasing uncertainty, in which an elementary increase in the
uncertainty of any act corresponds to the addition of an 'elementary bet'that increases
consumption by a fixed amount in (relatively)'good'states and decreases consumption by ...
S Grant… - The American Economic Review, 2002 - JSTOR
The United States Social Security system has accumulated unfunded liabilities estimated at
$9 trillion (John Geanakoplos et al., 1998). The need to meet these liabilities implies, other
things being equal, a need for higher taxes in the future. The need for transitional policies ...
S Grant… - Risk & Uncertainty Working Papers, 2009 - ideas.repec.org
We develop a model of games with awareness that allows for differential levels of
awareness. We show that, for the standard modal logical interpretations of belief and
awareness, a player cannot believe there exist propositions of which he is unaware. ...
S Grant… - International Economic Review, 2005 - Wiley Online Library
Subjective expected utility theory is founded on the tacit notion that choice among alternative
courses of action (acts) is governed by two separate cognitive processes: the assessment of
the likelihood of various events, or the formation of beliefs, and the valuation of the ...
S Grant, A Kajii… - Journal of Economic Theory, 2000 - Elsevier
Savage motivated his sure–thing principle by arguing that, whenever an act would be
preferred if an event obtains and preferred if that event did not obtain, it should be preferred
overall. The ability to decompose and recompose decision problems in this way has ...
S Grant… - Journal of economic behavior & organization, 1998 - Elsevier
In this paper we provide an axiomatization for a representation of preferences over lotteries
that is only one parameter richer than expected utility. Our model is a special case of Rank-
Dependent Expected Utility. Moreover, we show that the same restriction on this ...
GT Garvey, S Grant… - The Journal of Industrial …, 1999 - Wiley Online Library
2. Abstract Existing models in which stock markets lead to corporate 'short-termism'rely on
an exogenously imposed objective for top managers. This paper endogenizes both
managers' concern for short-term stock prices and the resulting distortions. We show that ...
DR Melmoth, M Storoni, G Todd, AL Finlay… - Experimental Brain …, 2007 - Springer
Abstract Binocular vision provides important advantages for controlling reach-to-grasp
movements. We examined the possible source (s) of these advantages by comparing
prehension proficiency under four different binocular viewing conditions, created by ...
J Eichberger, S Grant… - Economic Theory, 2008 - Springer
Abstract Ghirardato et al. J Econ Theory 118: 133–173, 2004 propose a method for
distinguishing between perceived ambiguity and the decision-maker's reaction to it. They
study a general class of preferences which they refer to as invariant biseparable. This ...
S Grant, A Kajii… - Economics Letters, 2001 - Elsevier
We discuss three notions of disappointment aversion, due to Gul [1991, Econometrica 59,
667-686], Grant and Kajii [1998, Journal of Economic Behavior and Organization 37, 277-
290] and Skiadas [1997, Journal of Economic Theory 76, 242-271; 1997, Econometrica 65 ...
CC Charlton, S Grant, PH Leng… - Electronic Markets, 1998 - Taylor & Francis
The emergence of the World Wide Web, together with current and anticipated developments
in network technology, are likely to lead in the near future to the use of the Internet becoming
part of everyday life for most households in the developed world. This expectation has ...
S Grant… - Discussion Paper, 2001 - ideas.repec.org
We present a definition of increasing uncertainty, independent of any notion of subjective
probabilities, or of any particular model of preferences. Our notion of an elementary increase
in the uncertainty of any act corresponds to the addition of an'elementary bet'which ...
S Grant… - International Economic Review, 1997 - JSTOR
In most previous work on strategic trade policy the form of government intervention has been
prescribed in advance. In this paper, we apply a solution concept discussed by Klemperer
and Meyer for games in which the strategy space consists of the class of all (non state- ...
S Grant… - Journal of Mathematical Economics, 2004 - Elsevier
Building upon the works of Anscombe and Amuann [Ann. Math. Stat. 34 (1963) 199] and
Karni and Schmeidler [An expected utility theory for state-dependent preferences. Working
Paper 48-80, Foerder Institute for Economic Research, Tel Aviv University], we develop a ...
S Grant… - Australian Economic Papers, 2006 - Wiley Online Library
GRANT, S. and QUIGGIN, J.(2006), THE RISK PREMIUM FOR EQUITY: IMPLICATIONS
FOR RESOURCE ALLOCATION, WELFARE AND POLICY. Australian Economic Papers, 45:
253–268. doi: 10.1111/j. 1467-8454.2006. 00291. x
S Grant… - The Economists' Voice, 2005 - aiecon.org
Summary Simon Grant and John Quiggin argue that taking the equity premium seriously—-
the well-known fact that the average annual historical return of stocks is seven times that of
government bonds and other debt—-has many implications, the most robust of which is ...
J Eichberger, S Grant… - Discussion Papers, 2006 - ideas.repec.org
In Ghirardato, Macheroni and MArcinaccri (GMM) propose a method for distinguishing
between percieved ambiguity and the decision-maker's reaction to it. They study a general
class of preferences which includes CEU and a-MEU and axiomatise a subclass of a-MEU ...
J Eichberger, S Grant, D Kelsey… - Journal of Economic …, 2011 - Elsevier
In Ghirardato et al.(2004)[7], Ghirardato, Macheroni and Marinacci propose a method for
distinguishing between perceived ambiguity and the decision-makerʼs reaction to it. They
study a general class of preferences which they refer to as invariant biseparable. This ...
S Grant, A Kajii… - Journal of Economic Theory, 1992 - Elsevier
Abstract What can be inferred, without assuming the Independence axiom, about an agent's
preferences over many-good lotteries from knowledge that the agent is income risk averse?
We show that income risk aversion corresponds to an intuitive substitution property of the ...
GT Garvey, S Grant… - International Journal of Industrial …, 1998 - Elsevier
This paper analyzes the optimal use of short-and long-term share prices in management
incentive contracts. A key innovation of our model is that the short-term share price is
determined even before the manager has made her effort choice and therefore cannot be ...
J Strivens… - Educational Technology & Society, 2000 - ifets.info
ABSTRACT Learners of employability skills have four needs: awareness of employers' skill
requirements; knowledge of their own levels of skill achievement; the ability to provide
evidence for these achievements; and help with the process of action planning. The ...
S Grant, A Kajii… - Economics Letters, 2001 - Elsevier
In two-outcome strictly competitive games, equilibrium mixed strategies do not depend on
ultimate prizes. Dixit and Skeath [Games of Strategy (1999) Norton, New York] find this
'counter-intuitive'. We show this invariance comes from reduction, not independence; and ...
S Grant… - Journal of Economic Theory, 2006 - Elsevier
Machina and Schmeidler show that the probabilistic sophistication can be obtained in an
Anscombe–Aumann setting without imposing expected utility by maintaining stochastic
monotonicity and adding a new axiom loosely analogous to Savage's P4. This analogous ...
S Grant, A Kajii,
F Menezes… - International Journal of …, 2006 - Wiley Online Library
1. We accept responsibility for all remaining shortcomings of the paper. We would like to
thank Eric Maskin, Paulo Monteiro, Tomoyuki Nakajima and an anonymous referee, as well
as seminar audiences at the Australian National University, Universities of Auckland, ...
S Grant, A Kajii, B Polak… - Cowles Foundation DP, 2006 - papers.ssrn.com
Abstract: We provide an axiomatization of generalized utilitarian social welfare functions in
the context of Harsanyi's impartial observer theorem. To do this, we reformulate Harsanyi's
problem such that lotteries over identity (accidents of birth) and lotteries over outcomes ( ...
S Grant, E Karni… - 2000 - en.scientificcommons.org
Abstract Building upon the works of Anscombe and Aumann (1963) and Karni and
Schmeidler (1981), we develop a general axiomatic theory of quantifiable beliefs-a form of
probabilistic sophistication that does not preclude state-dependent preferences and does ...
GM Simon - Transactions of the American Philosophical Society, 1953 - JSTOR
WILLIAM Penn conceived and planned a community, where all men might live simply and in
peace. 1 The town that grew on his foundation, and became the crossroads of colonial
America, might well have disturbed him. While his life was somewhat of a paradox-he had ...
S Grant, A Kajii… - Cowles Foundation Discussion Papers, 1996 - ideas.repec.org
What is the relationship between an agent's attitude towards information, and her attitude
towards risk? If an agent always prefers more information, does this imply that she obeys the
independence axiom? We provide a substitution property on preferences that is ...
S Grant… - Industry Economics Conference, Australian National …, 1998 - pc.gov.au
The most promising resolution of the equity premium puzzle observed by Mehra and
Prescott (1985) is the suggestion by Mankiw (1986) that capital markets do not spread risk
perfectly, and, in particular, that systematic risk is concentrated ex post on a small number ...
S Grant, B Polak… - 2009 - economics.harvard.edu
Page 1. Second-Order Expected Utility Simon Grant ∗ Ben Polak † Tomasz Strzalecki ‡
Preliminary version: November 2009 Abstract We present two axiomatizations of the
Second-Order Expected Utility model in the context of the standard models of choice under ...
S Grant… - The Journal of Industrial Economics, 1996 - JSTOR
Although the Cournot and Bertrand equilibrium concepts have dominated economic
analysis of oligopoly problems, neither has a compelling theoretical rationale. However,
notions of capacity commitment have been used to rationalize the Cournot equilibrium. At ...
S Grant, E Karni… - 2002 - econ.jhu.edu
Abstract This paper contains an analysis of a simple principal-agent problem illustrating
possible problems that may arise when the prinicpal ascribes to the agent subjective
probabilities and utilities that are implied by the subjective expected utility model but do ...
S Grant… - CORE Discussion Papers, 1994 - econpapers.repec.org
Related works: Journal Article: AUSI expected utility: An anticipated utility theory of relative disappointment
aversion (1998) This item may be available elsewhere in EconPapers: Search for items with
the same title. ... This site is part of RePEc and all the data displayed here is part of the ...
[CITATION] Generalized variational preferences
S Grant… - Risk, 2007
S Grant, A Kajii, B Polak… - Econometrica, 2010 - Wiley Online Library
Harsanyi's impartial observer must consider two types of lotteries: imaginary identity lotteries
(“accidents of birth”) that she faces as herself and the real outcome lotteries (“life chances”)
to be faced by the individuals she imagines becoming. If we maintain a distinction ...
S Grant… - Risk & Uncertainty Working Papers, 2008 - ideas.repec.org
We consider conditions under which the representation of the world available to a
boundedly rational decision-maker, whose awareness in-creases over time, constitutes an
adequatesmall world'(in the sense of Savage 1954) for the assessment of a given ...
J Eichberger, S Grant… - Economics Letters, 2010 - Elsevier
We analyze three rules for updating neo-additive capacities. Only for Generalized Bayesian
Updating is relative optimism the same for both updated and unconditional capacities. For
updates of the other two, either the updated capacity is fully optimistic or fully pessimistic.
S Grant… - Risk & Uncertainty Working Papers, 2004 - ideas.repec.org
This paper describes experiences in the development and testing of three distinct financial
models to support farm forestry decisions involving non-traditional tree species in northern
Australia and in the Philippines. A variety of options were examined with respect to model ...
J Eichberger… - Journal of Risk and Uncertainty, 1997 - Springer
This article characterizes a family of preference relations over uncertain prospects that (a)
are dynamically consistent in the Machina sense and, moreover, for which the updated
preferences are also members of this family and (b) can simultaneously accommodate ...
S Grant, A Kajii… - STICERD-Theoretical Economics Paper …, 1997 - ideas.repec.org
Savage motivated his Sure-Thing Principle by arguing that, whenever an act would be
preferred if an event obtains and preferred if an event did not obtain, then it should be
preferred overall. The idea that it should be possible to decompose and recompose ...
S Grant… - Economics letters, 2000 - Elsevier
The equity premium arises from the interaction between the atemporal risk premium for
equity, the risk-free rate of intertemporal substitution and the impact of risk on the
precautionary motive for saving. Depending on parameter values, the equity premium may ...
MS Tibber, S Grant… - Journal of vision, 2009 - journalofvision.org
Abstract While there is evidence for multiple spatial and attentional maps in the brain it is not
clear to what extent visuoperceptual and oculomotor tasks rely on common neural
representations and attentional mechanisms. Using a dual-task interference paradigm we ...
J Strivens, D Baume, S Grant, C Owen… - … study, Centre for …, 2009 - jisc.ac.uk
This JISC-commissioned study on the role of e-portfolios in formative and summative
assessment was carried out during the period April 2008-December 2008 by the Centre for
Recording Achievement (see http://www. jisc. ac. uk/whatwedo/programmes/ ...
[CITATION] Unforeseen contingencies: a propositional approach
S Grant… - FUR XI Conference, Paris, 2004
S Grant, J Kline… - 2009 - epublications.bond.edu.au
Abstract We present a formal treatment of contracting in the face of ambiguity. The central
idea is that boundedly rational individuals will not always interpret the same situation in the
same way. More specifically, even with well defined contracts, the precise actions to be ...
S Grant… - Economics Bulletin, 2004 - accessecon.com
Abstract Excessive volatility of asset prices like that generated in the'noise trader'model of
De Long et al. is one factor that plausibly might contribute to an explanation of the equity
premium. We extend the De Long et al. model to allow for privatization of publicly− owned ...
[CITATION] Electronic Portfolios: personal information, personal development and personal values
S Grant - 2009 - Chandos
S Grant - 2006 - dspace.ou.nl
Examples of what are known as frameworks of skill or competence suggest a range of
requirements which might be met by such frameworks, for organisations, individuals and
educational institutions. However, there are two opposing tendencies in framework ...
[CITATION] Information externalities, shareprice based incentives and management behavior
S Grant, S King… - 1995 - Cowles Foundation Discussion …
S Grant… - 2008 - gsb.stanford.edu
In a beautiful paper, Maccheroni, Marinacci & Rustichini (2006a)(hereafter MMR) define and
axiomatize what they call variational preferences. Consider an Anscombe-Aumann setting
with a finite state space S where each act f maps each state s 4 S to lotteries over ...
S Grant… - Economics Letters, 2007 - Elsevier
We introduce the ε-Gini-contamination multiple priors model in which the set of priors are
those probability measures that are 'close'to a central P with respect to the relative Gini
concentration index. We show that such preferences can be represented by a linear-mean ...
A Chateauneuf, J Eichberger… - Economic Theory, 2003 - Springer
1 CERMSEM, Maison des Sciences Economiques, Université Paris I Panthéon-Sorbonne,
106-112 Boulevard de l'Hôpital, 75647 Paris cedex 13, FRANCE (e-mail:
chateaun@univ-paris1.fr) 2 Alfred Weber Institute, Department of Economics, University ...
A Burgos, S Grant… - Games and Economic Behavior, 2002 - Elsevier
We show the incompatibility between the existence of stationary subgame perfect equilibria
in Shaked's game of cycling offers with exogenous breakdown and the behavior of players
consistent with the Allais Paradox. Thus, the strategic support of the equally marginally ...
S Grant, A Kajii,
F Menezes… - Discussion Paper, 2002 - ideas.repec.org
We examine the role of seller bidding and reserve prices in an infinitely repeated
independent-private-value (IPV) ascending-price auction. The seller has a single object that
she values at zero. At the end of any auction round, she may either sell to the highest ...
S Grant… - Australian Economic Papers, 1997 - Wiley Online Library
We would like to thank Jürgen Eichberger, Ian McDonald, Neville Norman, two anonymous
referees and participants at The University of Melbourne's Economics Workshop for their
helpful comments and suggestions. Of course any remaining errors and the views ...
S Grant… - Proceedings of e-Portfolio 2006, 2006 - eife-l.org
... 1 Ethical Portfolios: Supporting Identities & Values Simon Grant independent consultant Anna
Grant Research Associate, University of Bristol ... There may be many papers to write and projects
to undertake ∎ If you lose contact, google – Anna “Simon Grant” ∎ Thank you! Kiitos! ...
[CITATION] Dynamic consistency and preference for information
S Grant, A Kajii… - 1997 - Faculty of Economics & Commerce, …
A Jarvis… - Australian Health Review, 2002 - CSIRO
Abstract The Wingecarribee Health Service (WHS) has developed a program of ambulatory
care different from the commonlyaccepted models. The program provides a" whole service"
approach to care, with integration of hospital, allied health and community services in ...
Abstract The equity premium puzzle shows that using standard parameters and setup, the
Consumption-based Capital Asset Pricing Model's (CCAPM's) prediction of the premium
associated with systematic risk is out by an order of magnitude. The object of this paper is ...
[CITATION] Osheron. 2005. A note on concave utility functions
MM Monti, S Grant… - Mind and Society
S Grant, A Kajii, B Polak… - Journal of Economic Theory, 2011 - Elsevier
Abstract We provide an axiomatization of expected equally-distributed equivalent-utility
social welfare functions in the context of Harsanyi modifier letter apostrophe s impartial
observer theorem. For this family of social welfare functions, we show what additional ...
S Grant… - Working Papers, 2004 - ideas.repec.org
We present a definition of increasing uncertainty, in which an elementary increase in the
uncertainty of any act corresponds to the addition of anelementary bet'that increases
consumption by a fixed amount in (relatively)good'states and decreases consumption by a ...
[CITATION] Absolute Ambiguity Aversion and Mean-Dispersion Preferences
S Grant… - 2007 - mimeo
[CITATION] Auctions and Privatisation: A Non-technical Survey
S Grant,
SP King… - 1993 - University of Melbourne. Department …
DR Melmoth, MS Tibber, S Grant… - Neuropsychologia, 2009 - Elsevier
Pointing movements made to a target defined by the imaginary intersection of a pointer with
a distant landing line were examined in healthy human observers in order to determine
whether such motor responses are susceptible to the Poggendorff effect. In this well- ...
[CITATION] Bargaining, boldness and Nash outcomes
S Grant… - 1994 - Simon Grant, Economics Program, …
S Grant,
J Quiggin… - 2001 - en.scientificcommons.org
Abstract Analysis of the equity premium puzzle has focused on private sector capital
markets. The object of this paper is to consider the welfare and policy implications of each of
the broad classes of explanations of the equity and premium puzzle. As would be ...
[CITATION] Ex Post Egalitarianism and Harsanyi's Impartial Observer Theorem
S Grant, A Kajii, B Polak… - Manuscript, Rice Univ, 2010
S Grant - 8th European Conference on Cognitive Ergonomics. …, 1996 - simongrant.org
Abstract Three examples from the literature demonstrate the kind of phenomena that need to
be covered by cognitive models of error. A novel cognitive architecture for the modelling of
human behaviour and error is here outlined. It is based on classes, and instances, of ...
[CITATION] Stephen P. King On relative performan ce contracts an d fund manager's incentives
J Eiehberger… - European Economic Review, 1999
MM Monti, S Grant… - Mind & Society, 2005 - Springer
The classical theory of preference among monetary bets represents people as expected
utility maximizers with concave utility functions. Critics of this account often rely on
assumptions about preferences over wide ranges of total wealth. We derive a prediction of ...
S Grant… - International Journal of IT Standards and …, 2010 - igi-global.com
Abstract This paper reviews terminology, motivation, history and current work in areas
relating to skill or competence. Many useful services, clarifying pathways within and from
education to employment, self-assessment, and selection would be facilitated by better ...
SH Grant, JJ Kline… - Business papers, 2006 - epublications.bond.edu.au
... JEL Classification: D80, D82 Key words: ambiguity, bounded rationality, incomplete contracts
We thank Bob Brito, participants at the 2nd Asian Decentralization Conference, and Nancy
Wallace for helpful comments and criticism. Simon Grant Rice University ...
S Grant… - Cowles Foundation Discussion Paper No. 1805, 2011 - papers.ssrn.com
Abstract: We axiomatize, in an Anscombe-Aumann framework, the class of preferences that
admit a representation of the form V (f)= mu-rho (d), where mu is the mean utility of the act f
with respect to a given probability, d is the vector of state-by-state utility deviations from the ...
E Karni… - 2001 - papers.ssrn.com
Abstract: Building upon the works of Anscombe and Aumann (1963) and Karni and
Schmeidler (1981), we develop a general axiomatic theory of quantifiable beliefs-a form of
probabilistic sophistication that does not preclude state-dependent preferences and does ...
S Grant - Service Oriented Approaches and Lifelong …, 2007 - Citeseer
Abstract: This paper outlines a distributed top-level approach to representing relationships
between competence-related definitions, when held by several parties. The suggested
approach is to use existing specifications to represent the competence definitions ...
S Grant, A Kajii… - Cowles Foundation Discussion Papers, 1998 - ideas.repec.org
We compare the Skiadas approach with the standard Savage framework of choice under
uncertainty. At first glance, properties of Skiadas" conditional preferences" such as
coherence and disappointment seem analogous to similarly motivated notions of ...
RT Boylan… - International Journal of Economic Theory, 2008 - Wiley Online Library
We examine individual behavior in generalized games of matching pennies. We have three
main findings. First, individuals cooperate in these games; that is, they systematically select
strategies that lead both players to obtain higher expected payoffs than in a Nash ...
S Grant, A Marshall, J Strivens… - Handbook of Research …, 2006 - books.google.com
ABSTRACT This chapter describes approaches firstly towards a service-oriented
architecture for personal development planning (PDP), and secondly towards representing
skills for interoperability. We outline a personal information aggregation and distribution ...
C Sgouropoulou, S Grant, S Wilson… - fs.usit.uio.no
1. EXECUTIVE SUMMARY The enhancement of learner mobility and employability is
undoubtedly a high priority action item within the European Education Area. The
establishment of the ECTS and Europass as a framework for the transparent description of ...
S Grant… - ANUCBE School of Economics Working …, 1999 - ideas.repec.org
Any meaningful reform of the US Social Security system must deal with the system's current
outstanding accumulated unfunded liabilities. The authors model these as a once-off
financial liability payable'tomorrow'. They show that if the equity premium puzzle arises ...
S Grant… - Uncertainty and Risk, 2007 - Springer
The purpose of this paper is to develop a model of choice under uncertainty in which
individuals do not possess a complete description of the space of states of the world, and in
which this description evolves over time. The crucial analytical tool is the description of ...
S Grant - Theory and decision, 1995 - Springer
Using the 'addition of uncorrelated noise'as a natural definition of increasing risk for
multivariate lotteries, I interpret risk aversion as the willingness to pay a (possibly random)
vector premium in exchange for a reduction in multivariate risk. If no restriction is placed ...
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