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Case-Based Decision Theory

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Abstract

Case-based decision theory was developed by Gilboa and Schmeidler. This article describes the framework and lays out the axiomatic foundations of the theory. An illustration based on a model of repeated choice is provided and the applications of the theory to economic problems are listed. Finally, the relationship between the case-based decision theory and expected utility theory is discussed.

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Authors and Affiliations

  1. http://link.springer.com/referencework/10.1057/978-1-349-95121-5

    Ani Guerdjikova

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  1. Ani Guerdjikova
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Guerdjikova, A. (2018). Case-Based Decision Theory. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_2951

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