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  • January 2000
  • Article
  • Economics Letters

Maxmin Expected Utility through Statewise Combinations

By: Ramon Casadesus-Masanell, Peter Klibanoff and Emre Ozdenoren
  • Format:Print
  • | Pages:6
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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

Decision Choices and Conditions; Mathematical Methods

Citation

Casadesus-Masanell, Ramon, Peter Klibanoff, and Emre Ozdenoren. "Maxmin Expected Utility through Statewise Combinations." Economics Letters 66, no. 1 (January 2000): 49–54.
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About The Author

Ramon Casadesus-Masanell

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