Elicitation of subjective probabilities when the initial endowment is unobservable - Archive ouverte HAL
Article Dans Une Revue Journal of Risk and Uncertainty Année : 1999

Elicitation of subjective probabilities when the initial endowment is unobservable

Edi Karni
  • Fonction : Auteur

Résumé

In the framework of subjective expected utility theory we develop two distinct procedures for the elicitation of a person's subjective probabilities when the initial endowment is random and unobservable. Procedures of the first kind rely on the boundedness of the utility function to elicit the person's subjective probabilities directly. Procedures of the second kind infer the person's initial endowment from his choice behavior prior to the application of probability elicitation.

Dates et versions

hal-01195689 , version 1 (08-09-2015)

Identifiants

Citer

Jean-Yves Jaffray, Edi Karni. Elicitation of subjective probabilities when the initial endowment is unobservable. Journal of Risk and Uncertainty, 1999, 18 (1), pp.5-20. ⟨10.1023/A:1007706009628⟩. ⟨hal-01195689⟩
22 Consultations
0 Téléchargements

Altmetric

Partager

More