Publications
Publications
- January 2000
- Economics Letters
Maxmin Expected Utility through Statewise Combinations
By: Ramon Casadesus-Masanell, Peter Klibanoff and Emre Ozdenoren
Abstract
This paper provides an axiomatic foundation for a maxmin expected utility over a set of priors (MMEU) decision rule in an environment where the elements of choice are Savage acts. The key axioms are stated using statewise combinations as in Gul (1992).
Keywords
Citation
Casadesus-Masanell, Ramon, Peter Klibanoff, and Emre Ozdenoren. "Maxmin Expected Utility through Statewise Combinations." Economics Letters 66, no. 1 (January 2000): 49–54.