Itzhak Gilboa
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View article: Optimizing the application order under precedent-based decision-making
Optimizing the application order under precedent-based decision-making Open
We study the decision problem of a Proposer who has a set of applications to submit for approval to an Authority and can choose an order of submission. The Proposer’s utility depends on the Authority’s rulings. The Authority has to be cons…
View article: Subjective Causality
Subjective Causality Open
Dans quelles conditions les gens ont-ils tendance à croire qu’un phénomène x a été cause d’un phénomène ultérieur y ? Nous suggérons ici qu’un sens subjectif de causalité peut émerger si x explique y en tant qu’il correspond à une réductio…
View article: What were you thinking? Decision theory as coherence test
What were you thinking? Decision theory as coherence test Open
Decision theory can be used to test the logic of decision making—one may ask whether a given set of decisions can be justified by a decision‐theoretic model. Indeed, in principal–agent settings, such justifications may be required—a manage…
View article: Rational policymaking during a pandemic
Rational policymaking during a pandemic Open
Policymaking during a pandemic can be extremely challenging. As COVID-19 is a new disease and its global impacts are unprecedented, decisions are taken in a highly uncertain, complex, and rapidly changing environment. In such a context, in…
View article: Rational policymaking during a pandemic
Rational policymaking during a pandemic Open
Policymaking during a pandemic can be extremely challenging. As COVID-19 is a new disease and its global impacts are unprecedented, decisions are taken in a highly uncertain, complex, and rapidly changing environment. In such a context, in…
View article: States and Contingencies: How to Understand Savage without Anyone Being Hanged
States and Contingencies: How to Understand Savage without Anyone Being Hanged Open
La puissance des modèles de décision dans l’incertain repose en grande partie sur la spécification des états afin de résoudre toute l’incertitude. Cependant, cette spécification peut miner l’observabilité présumée des préférences sur laque…
View article: Consumption of Values
Consumption of Values Open
View article: Uncertainty and Decision-Making During a Crisis: How to Make Policy Decisions in the COVID-19 Context?
Uncertainty and Decision-Making During a Crisis: How to Make Policy Decisions in the COVID-19 Context? Open
View article: Second-order induction in prediction problems
Second-order induction in prediction problems Open
Significance How do people generate beliefs about economic, political, and social events? A natural formula for the predicted value of a variable is its weighted average value in the past, where past values are given a higher weight if the…
View article: States and Eventualities: How to Understand Savage Without Anyone Being Hanged
States and Eventualities: How to Understand Savage Without Anyone Being Hanged Open
View article: Learning What is Similar: Precedents and Equilibrium Selection
Learning What is Similar: Precedents and Equilibrium Selection Open
We argue that a precedent is important not only because it changes the relative frequency of a certain event, making it positive rather than zero, but also because it changes the way that relative frequencies are weighed. Specifically, age…
View article: Second-Order Induction: Uniqueness and Complexity
Second-Order Induction: Uniqueness and Complexity Open
View article: Decision Theory Made Relevant: Between the Software and the Shrink
Decision Theory Made Relevant: Between the Software and the Shrink Open
View article: What are Axiomatizations Good for?
What are Axiomatizations Good for? Open
View article: Cases and Scenarios in Decisions Under Uncertainty
Cases and Scenarios in Decisions Under Uncertainty Open
View article: What Are Axiomatizations Good For?
What Are Axiomatizations Good For? Open
View article: Precedents, Reputation, and Higher-Order Induction
Precedents, Reputation, and Higher-Order Induction Open
We argue that a precedent is important not only because it changes the relative frequency of a certain event, making it positive rather than zero, but also because it changes the way that relative frequencies are weighed. Specifically, age…
View article: Second-Order Induction and Agreement
Second-Order Induction and Agreement Open
View article: Foundations of Weighted Utilitarianism
Foundations of Weighted Utilitarianism Open
View article: Economics: Between Prediction and Criticism
Economics: Between Prediction and Criticism Open
View article: Ambiguity and the Bayesian Paradigm
Ambiguity and the Bayesian Paradigm Open
View article: Memorable Consumption
Memorable Consumption Open
View article: Bureaucracy in Quest for Feasibility∗
Bureaucracy in Quest for Feasibility∗ Open
The head of an organization is viewed as dealing with an optimiza-tion problem under a variety of constraints. The bureaucracy, by con-trast, is viewed as dealing with the constraints alone: it has to make a multitude of low-level decision…
View article: Consumer Choice as Constrained Imitation
Consumer Choice as Constrained Imitation Open
View article: Memory Utility
Memory Utility Open
View article: Analogies and Theories: Formal Models of Reasoning
Analogies and Theories: Formal Models of Reasoning Open
This title describes formal models of reasoning that are aimed at capturing the way that economic agents and decision makers in general think about their environment and make predictions based on their past experience. The focus is on anal…