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).
| Original language | English |
|---|---|
| Pages (from-to) | 70-100 |
| Number of pages | 31 |
| Journal | American Economic Journal: Microeconomics |
| Volume | 4 |
| Issue number | 1 |
| DOIs | |
| State | Published - Feb 2012 |