| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 984447 | Research in Economics | 2014 | 16 Pages |
Abstract
The paper outlines an exchangeable non-Bayesian model of preference generalizing the Savage/de Finetti classic model of subjective expected utility preference with an exchangeable prior. The treatment is informal, and the emphasis is on motivation and potential applications rather than on axiomatic foundations and technical details. The objective is to provide a widely accessible introduction to research that is reported in detail elsewhere.
Related Topics
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Economics and Econometrics
Authors
Larry G. Epstein, Kyoungwon Seo,