Browsing ECO Articles by Subject "state-dependent outcomes"

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Browsing ECO Articles by Subject "state-dependent outcomes"

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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 ...