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Uncertainty

Published in Palgrave Macmillan UK eBooks • Jan 1, 1999
NobleIDNI2P46W74R95S88
Authors:
Michael Allingham

Abstract

We address the problem of choice under uncertainty as a generalisation of the problem of pure choice. We start with the case where there are some given objective probabilities: we set out the problem, propose a definition of rationality and provide a characterisation of the choice rules which are ra...

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