States of Nature and the Nature of States
Year: 2016
Type: article
Abstract: : This paper discusses the definition of the state space and corresponding choice sets that figure in the theory of decision making under uncertainty. It elucidates an approach that overcomes some conceptual difficulties with the standard models and accommodates a procedure for expanding the state space in the wake of growing awareness.
Source: Economics and Philosophy
Author: Edi Karni
Institutions: Johns Hopkins University, University of Warwick
Language: English
Subfield: General Decision Sciences
Field: Decision Sciences
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2417623406