Choice under uncertainty with the best and worst in mind: Neo-additive capacities

By Alain Chateauneuf, Jürgen Eichberger, Simon Grant. Journal of Economics Theory, 2007

468 citations recorded by the source corpus.

Subfields: Economics and Econometrics, General Decision Sciences, Management Science and Operations Research

View Paper: https://www.semanticscholar.org/paper/11c091ed33fa2358c7385e5393505011056b968d

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Citations in the corpus

Risk, uncertainty and discrete choice models (2008, methodology): “The consistency of this model with behavioral theories presented in Section 2 is discussed in de Palma and Picard (2006) in the context of route choice.”
Measuring Ambiguity Attitudes for All (Natural) Events (2018, background): “5 References include Chateauneuf et al. (2007), Dimmock et al. (2015a, b), Gajdos et al. (2008), and Klibanoff, Marinacci, & Mukerji (2005 Definition 7).”
Ambiguity in asset pricing and portfolio choice: a review of the literature (2010, unknown): “Assuming that the returns depend on some unknown parameters θ, whose prior is  (θ), the predictive density (R|h) is (R|h) = Z (R|θ)(θ|h)θ (37)”
Strategic ambiguity and decision-making: an experimental study (2017, unknown): “We shall model ambiguity by neo-additive preferences which have been axiomatised by Chateauneuf et al. (2007).”
Risk, Uncertainty, and Option Exercise (2011, unknown): “(2004) and the neo-additive capacity model of Chateauneuf et al. (2006) also permit a limited separation.”
Vector Expected Utility and Attitudes Toward Variation (2008, background): “Chateauneuf, Eichberger and Grant [11] characterize CEU with respect to a “neo-additive” capacity; this model can be viewed as α–maxmin expected utility with a set of priors obtained by ε-contamination, in which the reference prior and the “contaminating set” are both endogenously derived.”
Expected Utility with Uncertain Probabilities Theory (2017, unknown): “Chateauneuf et al. (2007) suggest new capacities (neo-additives) obtained from a set of priors generated by ε-contamination. (6)Losses and gains, for example, can be considered unfavorable and favorable events, respectively. (7)Using the perception of rank dependence and cumulative functionals propo”