no code implementations • 17 Jul 2023 • Giulio Principi, Peter P. Wakker, Ruodu Wang
We, finally, present cases where antimonotonic restrictions do weaken axioms and lead to new models, primarily for ambiguity aversion in nonexpected utility.
no code implementations • 13 Apr 2023 • Massimo Marinacci, Giulio Principi, Lorenzo Stanca
We illustrate the strong implications of recursivity, a standard assumption in dynamic environments, on attitudes toward uncertainty.
no code implementations • 8 Nov 2022 • Giulio Principi, Fabio Maccheroni
By employing such representation results we retrieve a conditional version of the variational formula for optimized certainty equivalents.
