Measuring Belief and Risk Attitude

Electronic Proceedings in Theoretical Computer Science 297:354–364 (2019)
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Abstract

Ramsey (1926) sketches a proposal for measuring the subjective probabilities of an agent by their observable preferences, assuming that the agent is an expected utility maximizer. I show how to extend the spirit of Ramsey's method to a strictly wider class of agents: risk-weighted expected utility maximizers (Buchak 2013). In particular, I show how we can measure the risk attitudes of an agent by their observable preferences, assuming that the agent is a risk-weighted expected utility maximizer. Further, we can leverage this method to measure the subjective probabilities of a risk-weighted expected utility maximizer.

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Author's Profile

Sven Neth
University of Pittsburgh

Citations of this work

Better Foundations for Subjective Probability.Sven Neth - forthcoming - Australasian Journal of Philosophy.
Non-Ideal Decision Theory.Sven Neth - 2023 - Dissertation, University of California, Berkeley

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References found in this work

The Foundations of Statistics.Leonard J. Savage - 1954 - Wiley Publications in Statistics.
Truth and probability.Frank Ramsey - 2010 - In Antony Eagle (ed.), Philosophy of Probability: Contemporary Readings. New York: Routledge. pp. 52-94.
The Foundations of Statistics.Leonard J. Savage - 1956 - Philosophy of Science 23 (2):166-166.
The Foundations of Statistics.Leonard J. Savage - 1954 - Synthese 11 (1):86-89.
Radical interpretation.Donald Davidson - 1973 - Dialectica 27 (1):314-328.

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