Richard Bradley (LSE): Decision Theory Masterclass (3 of 3)

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Date(s) - 06/03/2014
2:30 pm - 4:30 pm

Lakatos (LAK) 2.06


In this third masterclass I will be presenting the main ‘post-Bayesian’ models of decision making under uncertainty (ambiguity), including Maximin EU, the ‘smooth’ model of ambiguity and Bewley’s theory of choice under incompleteness. In order to understand the background for these models I will look briefly at the older literature on decision making under ignorance and present the Anscombe-Aumann framework within which much of the contemporary literature works.

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