Aggregation of multiple prior opinions

Experts are asked to provide their advice in a situation of uncertainty. They adopt the decision makerʼs utility function, but each has a potentially different set of prior probabilities, and so does the decision maker. The decision maker and the experts maximize the minimal expected utility with re...

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Veröffentlicht in:	Journal of economic theory 2011-11, Vol.146 (6), p.2563-2582
Hauptverfasser:	Crès, Hervé, Gilboa, Itzhak, Vieille, Nicolas
Format:	Artikel
Sprache:	eng
Schlagworte:	Agglomeration Aggregation of opinions Allocations Ambiguity Decision making Economic theory Economics Economics and Finance Equivalence Expected utility Hierarchies Humanities and Social Sciences Mathematical analysis Multiple priors Pareto optimum Probability Studies Uncertainty Utilities Utility functions Valuation Vectors (mathematics)
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