Abstract
Many demonstration experiments have shown that expected utility theory is not sufficiently adequate from a descriptive point of view. We report on a project emphasizing on experiments dealing with the issue of imprecision in preferences. We try to quantify how several factors may influence inconsistencies in decision making experiments. Then, we study whether these inconsistencies may be due to imprecision in preferences.
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© 1994 Springer Science+Business Media New York
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Ríos, S., Ríos-Insua, S., Ríos Insua, D., Pachón, J.G. (1994). Experiments in Robust Decision Making. In: Ríos, S. (eds) Decision Theory and Decision Analysis: Trends and Challenges. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-1372-4_17
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DOI: https://doi.org/10.1007/978-94-011-1372-4_17
Publisher Name: Springer, Dordrecht
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