Economics and Philosophy 11 (2):227 (1995)

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Abstract
Why is common priors are implicit or explicit in the vast majority of the differential information literature in economics and game theory? Why has the economic community been unwilling, in practice, to accept and actually use the idea of truly personal probabilities in much the same way that it did accept the idea of personal utility functions? After all, in, both the utilities and probabilities are derived separately for each decision maker. Why were the utilities accepted as personal, and the probabilities not?
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DOI 10.1017/S0266267100003382
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References found in this work BETA

The Foundations of Statistics.Leonard J. Savage - 1954 - Wiley Publications in Statistics.
Logical Foundations of Probability.Rudolf Carnap - 1950 - Chicago]University of Chicago Press.
Judgement Under Uncertainty: Heuristics and Biases.Daniel Kahneman, Paul Slovic & Amos Tversky - 1985 - British Journal for the Philosophy of Science 36 (3):331-340.

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Citations of this work BETA

People with Common Priors Can Agree to Disagree.Harvey Lederman - 2015 - Review of Symbolic Logic 8 (1):11-45.
Are Disagreements Honest.Tyler Cowen & Robin Hanson - forthcoming - Journal of Economic Methodology.
Accounting for Constitutive Rules in Game Theory.Cyril Hédoin - 2015 - Journal of Economic Methodology 22 (4):439-461.
Standard State Space Models of Unawareness.Peter Fritz & Harvey Lederman - 2015 - Theoretical Aspects of Rationality and Knowledge 15.

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