On Risk and Uncertainty, and Objective versus Subjective Probability1. (4th June 2018)
- Record Type:
- Journal Article
- Title:
- On Risk and Uncertainty, and Objective versus Subjective Probability1. (4th June 2018)
- Main Title:
- On Risk and Uncertainty, and Objective versus Subjective Probability1
- Authors:
- Sharpe, Keiran
- Other Names:
- de Roos Nicolas guestEditor.
Singh Aarti guestEditor. - Abstract:
- Abstract : In this paper, we use the algebra R × R to characterise decision‐makers' representations of risk and uncertainty. We show that risk can be represented by objective probabilities on one part of the algebra, and that uncertainty can be represented by subjective probabilities on the other part. Decision‐makers are shown to maximise a generalised form of rank‐dependent expected utility. Their occasionally anomalous behaviour is discussed.
- Is Part Of:
- Economic record. Volume 94(2018)Supplement 1
- Journal:
- Economic record
- Issue:
- Volume 94(2018)Supplement 1
- Issue Display:
- Volume 94, Issue 1 (2018)
- Year:
- 2018
- Volume:
- 94
- Issue:
- 1
- Issue Sort Value:
- 2018-0094-0001-0000
- Page Start:
- 49
- Page End:
- 72
- Publication Date:
- 2018-06-04
- Subjects:
- Australia -- Economic conditions -- Periodicals
330.99 - Journal URLs:
- http://firstsearch.oclc.org ↗
http://firstsearch.oclc.org/journal=0013-0249;screen=info;ECOIP ↗
http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1475-4932 ↗
http://www.blackwell-synergy.com/servlet/useragent?func=showIssues&code=ecor ↗
http://www.ingenta.com ↗
http://onlinelibrary.wiley.com/ ↗ - DOI:
- 10.1111/1475-4932.12403 ↗
- Languages:
- English
- ISSNs:
- 0013-0249
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library DSC - 3654.200000
British Library DSC - BLDSS-3PM
British Library HMNTS - ELD Digital store - Ingest File:
- 9318.xml