Assessing strategic risk
Robert Aumann and
Jacques Dreze
No 2005020, LIDAM Discussion Papers CORE from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)
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.
Date: 2005-02
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Related works:
Journal Article: Assessing Strategic Risk (2009)
Working Paper: Assessing strategic risk (2009)
Working Paper: Assessing Strategic Risk (2005)
Working Paper: Assessing Strategic Risk (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:cor:louvco:2005020
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