On Expected Utility Under Ambiguity

0508332 - ÚTIA 2020 RIV CH eng C - Konferenční příspěvek (zahraniční konf.)
Jiroušek, Radim - Kratochvíl, Václav
On Expected Utility Under Ambiguity.
Symbolic and Quantitative Approaches to Reasoning with Uncertainty : 15th European Conference, ECSQARU 2019, Belgrade, Serbia, September 18-20, 2019. Cham: Springer Intenational Publishing, 2019 - (Kern-Isberner, G.; Ognjanovic, Z.), s. 137-147. Lecture Notes in Artificial Intelligence, 11726. ISBN 978-3-030-29764-0.
[European Conference on Symbolic and Quantitative Approaches with Uncertainty (ECSQARU 2019) /15./. Belgrade (RS), 18.09.2019-20.09.2019]
Grant ostatní: GA ČR(CZ) GA19-06569S
Program: GA
Institucionální podpora: RVO:67985556
Klíčová slova: Belief function * Credal set * Probability transform * Decision-making * Vagueness
Obor OECD: Pure mathematics
http://library.utia.cas.cz/separaty/2019/MTR/jirousek-0508332.pdf

The paper introduces a new approach to constructing models exhibiting the ambiguity aversion. The level of ambiguity aversion is described by a subjective parameter from the unit interval with the semantics: the higher the aversion, the higher the coefficient. On three examples, we illustrate the approach is consistent with the experimental results observed by Ellsberg and other authors.
Trvalý link: http://hdl.handle.net/11104/0299784