Browsing Department of Economics (ECO) by Author "PUPPE, Clemens"

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Browsing Department of Economics (ECO) by Author "PUPPE, Clemens"

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    Title: Choice Under Complete Uncertainty When Outcome Spaces Are State Dependent  Author(s): PUPPE, Clemens; SCHLAG, Karl H. Date: 2009 Type of Publication: Article Abstract: One central objection to the maximin payoff criterion is that it focuses on the state that yields the lowest payoffs regardless of how low these are. We allow different states to have different sets of possible outcomes ...