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Browsing Working Papers by Subject "latent class analysis"
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Title:Decision Makers Facing Uncertainty: Theory versus Evidence
Author(s):GIORDANI, Paolo; SCHLAG, Karl H.; ZWART, SanneDate:2007Type of Publication:Working PaperSeries/Report no.:EUI MWPAbstract:We consider three competing normative theories of how to make choices when facing
uncertainty: subjective expected utility, maximin utility and minimax regret. In simple
decision problems, we compare how decision makers ...