Choice under complete uncertainty: axiomatic characterizations of some decision rules
Choice under complete uncertainty: axiomatic characterizations of some decision rules
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DOI:
10.1007/pl00004080
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发表时间:
2000-09-01
期刊:
影响因子:
1.3
通讯作者:
Xu, YS
中科院分区:
文献类型:
--
作者:
Bossert, W;Pattanaik, PK;Xu, YS
We provide characterizations of four new rules for individual decision-making under complete uncertainty. They are what we call the min-max rule, the max-min rule, the lexicographic min-max rule and the lexicographic max-min rule. These rules provide orderings of the sets of possible outcomes associated with uncertain prospects. They provide significant alternatives to commonly-used rules that focus on worst outcomes or best outcomes only, and lexicographic versions of those rules.