Making the Anscombe-Aumann approach to ambiguity suitable for descriptive applications
The Anscombe-Aumann (AA) model, originally introduced to give a normative basis to expected utility, is nowadays mostly used for another purpose: to analyze deviations from expected utility due to ambiguity (unknown probabilities). The AA model makes two ancillary assumptions that do not refer to am...
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| Main Authors: | , |
|---|---|
| Format: | Article (Journal) |
| Language: | English |
| Published: |
28 March 2018
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| In: |
Journal of risk and uncertainty
Year: 2018, Volume: 56, Issue: 1, Pages: 83-116 |
| ISSN: | 1573-0476 |
| DOI: | 10.1007/s11166-018-9273-7 |
| Online Access: | Verlag, Volltext: http://dx.doi.org/10.1007/s11166-018-9273-7 Verlag, Volltext: https://link.springer.com/article/10.1007/s11166-018-9273-7 
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| Author Notes: | Stefan Trautmann, Peter P. Wakker |
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