A NOTE ON THE EXTENSION OF KEYNES,J.M. DECISION-THEORY

Authors
BRADY ME
Citation
Me. Brady, A NOTE ON THE EXTENSION OF KEYNES,J.M. DECISION-THEORY, Psychological reports, 75(1), 1994, pp. 112-114
Citations number
6
Categorie Soggetti
Psychology
Journal title
Psychological reports → ACNP
ISSN journal
00332941
Volume
75
Issue
1
Year of publication
1994
Part
1
Pages
112 - 114
Database
ISI
SICI code
0033-2941(1994)75:1<112:ANOTEO>2.0.ZU;2-0
Abstract
It is a simple and straightforward matter to adjust the weights used i n Keynes' decision theory to model risk and ambiguity aversion also to model preference for risk and ambiguity. Once these modifications are made, Keynes' theory is complete, as it covers all possible cases.