1. Comparisons of Ambiguous Experiments
- Author
-
Ludovic Renou, Fabien Gensbittel, Tristan Tomala, Haldemann, Antoine, Groupe de recherche en économie mathématique et quantitative (GREMAQ), Centre National de la Recherche Scientifique (CNRS)-École des hautes études en sciences sociales (EHESS)-Institut National de la Recherche Agronomique (INRA)-Université Toulouse 1 Capitole (UT1), University of Essex, Groupement de Recherche et d'Etudes en Gestion à HEC (GREGH), Ecole des Hautes Etudes Commerciales (HEC Paris)-Centre National de la Recherche Scientifique (CNRS), HEC Research Paper Series, and Université Fédérale Toulouse Midi-Pyrénées-Université Fédérale Toulouse Midi-Pyrénées
- Subjects
Mathematical optimization ,media_common.quotation_subject ,05 social sciences ,Ambiguity ,experiments ,Decision maker ,Minimax ,value of information ,Value of information ,maximin ,Set (abstract data type) ,multiple priors ,Joint probability distribution ,0502 economics and business ,JEL: C - Mathematical and Quantitative Methods/C.C7 - Game Theory and Bargaining Theory/C.C7.C72 - Noncooperative Games ,[SHS.GESTION]Humanities and Social Sciences/Business administration ,Point (geometry) ,rectangularity ,050207 economics ,[SHS.GESTION] Humanities and Social Sciences/Business administration ,050205 econometrics ,media_common ,Mathematics - Abstract
An ambiguous statistical experiment is a set of joint probability distributions over states and signals. This note compares ambiguous experiments from the point of view of an ambiguity averse decision maker and extends the Blackwell (1951, 1953) ordering to this setting.
- Published
- 2015