Partially specified probabilities: Decisions and games

Ehud Lehrer*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

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 languageEnglish
Pages (from-to)70-100
Number of pages31
JournalAmerican Economic Journal: Microeconomics
Volume4
Issue number1
DOIs
StatePublished - Feb 2012

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