Working paper
Relevance and symmetry
- Abstract:
-
We define a behavioral concept of relevance in the context of decision making under uncertainty. We argue that this concept provides a sensible answer to the question "What probabilistic environments do an individuals' preferences reveal as mattering to her decisions?" under a symmetry assumption. This question has important implications for economic modeling. It is often the case that a modeler desires to restrict the probabilistic environments a decision maker considers. Without a conce...
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- Publication status:
- Published
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Bibliographic Details
- Publisher:
- University of Oxford
- Series:
- Department of Economics Discussion Paper Series
- Publication date:
- 2011-02-01
- Paper number:
- 539
Item Description
- Keywords:
- Pubs id:
-
514621
- Local pid:
-
pubs:514621
- Deposit date:
-
2020-12-14
Terms of use
- Copyright date:
- 2011
- Rights statement:
- Copyright 2011 The Author(s)
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