Gilboa–Schmeidler model

GPTKB entity

Statements (23)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:alternativeTo gptkb:Savage's_subjective_expected_utility_theory
gptkbp:application gptkb:insurance
finance
macroeconomics
gptkbp:assumes decision maker considers set of probability measures
ambiguity in probability
gptkbp:field decision theory
economics
gptkbp:hasConcept ambiguity aversion
maxmin expected utility
multiple priors
https://www.w3.org/2000/01/rdf-schema#label Gilboa–Schmeidler model
gptkbp:introduced gptkb:David_Schmeidler
gptkb:Itzhak_Gilboa
gptkbp:introducedIn 1989
gptkbp:publishedIn gptkb:Journal_of_Mathematical_Economics
gptkbp:relatedTo gptkb:Ellsberg_paradox
expected utility theory
gptkbp:usedFor modeling ambiguity
modeling uncertainty
gptkbp:bfsParent gptkb:Yitzhak_Gilboa
gptkbp:bfsLayer 5