Abstract
The purpose of this paper is to develop a model of choice under uncertainty in which individuals do not possess a complete description of the space of states of the world, and in which this description evolves over time. The crucial analytical tool is the description of knowledge in terms of a finite set of propositions.
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Grant, S., Quiggin, J. (2007). Conjectures, Refutations and Discoveries: Incorporating New Knowledge in Models of Belief and Choice under Uncertainty. In: Abdellaoui, M., Luce, R.D., Machina, M.J., Munier, B. (eds) Uncertainty and Risk. Theory and Decision Library C, vol 41. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-48935-1_2
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DOI: https://doi.org/10.1007/978-3-540-48935-1_2
Publisher Name: Springer, Berlin, Heidelberg
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