Assessing strategic risk
(2009) American Economic Journal: Microeconomics — Vol. 1, n° 1, p. 1-16 (2009)
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- Authors
- Abstract
- In recent decades, the concept of subjective probability has been increasingly applied to an adversary's choices in strategic games. A careful examination reveals that the standard construction of subjective probabilities does not apply in this context. We show how the difficulty may be overcome by means of a different construction, and provide an axiomatic foundation for it.
- Affiliations
Hebrew University of Jerusalem Center for the Study of Rationality
Citations
Aumann, R. J., & Dreze, J. (2009). Assessing strategic risk. American Economic Journal: Microeconomics, 1(1), 1-16. https://doi.org/10.1257/mic.1.1.1 (Original work published 2009)