Subjective Expected Utility in Games

  title={Subjective Expected Utility in Games},
  author={Alfredo Di Tillio},
This paper extends the scope of Savage’s subjective approach from decision problems under exogenous uncertainty to choice in strategic environments. In these environments the decision maker understands the uncertainty she is facing is affected by other decision makers in a similar situation. This contrast with classical decision making complicates the appropriate specification of the state space: as it is not exogenous, the uncertainty concerns not only the other decision makers’ choices but… CONTINUE READING