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Decision Making under Uncertainty: A Game of Two Selves
Published 14 Dec 2020 in econ.TH and q-fin.MF | (2012.07509v1)
Abstract: In this paper we characterize the niveloidal preferences that satisfy the Weak Order, Monotonicity, Archimedean, and Weak C-Independence Axioms from the point of view of an intra-personal, leader-follower game. We also show that the leader's strategy space can serve as an ambiguity aversion index.
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