THEORIES OF CHOICE UNDER IGNORANCE AND UNCERTAINTY
作者： David Kelsey , John Quiggin
DOI: 10.1111/J.1467-6419.1992.TB00148.X
关键词: Knight 、 Mathematical economics 、 Financial services 、 Decision theory 、 Subjective expected utility 、 Bayes estimator 、 Expected value of including uncertainty 、 Economics 、 Ambiguity 、 Ignorance
摘要: Abstract. In this paper, Knight's distinction between risk and uncertainty, its significance for economic analysis are examined. The paper consists of a survey some recent developments on the theory choice under uncertainty applications these theories to problems which Bayesian Decision Theory has not proved entirely satisfactory. Two examined in detail. first is that finance insurance second risktaking behaviour with special emphasis lotteries.
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