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Strategic Decision Making of the Firm Under Asymmetric Information

โœ Scribed by Guo Ying Luo; Ivan Brick; Michael Frierman

Book ID
110398347
Publisher
Springer US
Year
2002
Tongue
English
Weight
154 KB
Volume
19
Category
Article
ISSN
0924-865X

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We show how to model incompleteness in the decision maker's judgements, within a Bayesian context, providing axioms which lead us to work with families of values or probabilities and utilities. The proper solution concepts are suggested. On the whole, we provide a more robust decision theory, based