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
Xu, YS
中科院分区:
经济学3区
文献类型:
--
作者:
Bossert, W;Pattanaik, PK;Xu, YS

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我们给出了完全不确定条件下四种新的个体决策规则的刻画。它们是我们所说的最小-最大规则、最大-最小规则、词典最小-最大规则和词典最大-最小规则。这些规则提供了与不确定前景相关的可能结果集的排序。它们为只关注最坏结果或最好结果的常用规则以及这些规则的词典版本提供了重要的替代方案。
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.