Smooth aggregation of Bayesian experts

被引：2
|
作者：
Stanca, Lorenzo [1 ]
机构：
[1] Northwestern Univ, Kellogg Sch Management, Dept Managerial Econ & Decis Sci, Evanston, IL 60208 USA
来源：
JOURNAL OF ECONOMIC THEORY | 2021年 / 196卷
关键词：
Preference aggregation; Decision under uncertainty; Ambiguity; Precautionary principle; Treatment choice; INDIVIDUALISTIC ETHICS; EXPECTED UTILITY; CARDINAL WELFARE; POLICY CHOICE; PREFERENCES; AMBIGUITY; MODEL;
D O I：
10.1016/j.jet.2021.105308
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
I study the ex-ante aggregation of preferences of Bayesian agents in a purely subjective framework. I relax the assumption of a Bayesian social preference while keeping the Pareto condition. Under a simple axiom that relates society's preference to those of the agents, I obtain an additively separable representation of society's preference. Adding an ambiguity aversion axiom I obtain a representation that resembles the Smooth Ambiguity Criterion of Klibanoff et al. (2005). I then briefly consider applications of this frame-work to inequality and treatment choice under ambiguity. (c) 2021 Elsevier Inc. All rights reserved.
引用
收藏
页数：25
相关论文
共 50 条
  • [11] Sequential aggregation of heterogeneous experts for PM10 forecasting
    Auder, Benjamin
    Bobbia, Michel
    Poggi, Jean-Michel
    Portier, Bruno
    ATMOSPHERIC POLLUTION RESEARCH, 2016, 7 (06) : 1101 - 1109
  • [12] An efficient Bayesian network for differential diagnosis using experts' knowledge
    Ershadi, Mohammad Mahdi
    Seifi, Abbas
    INTERNATIONAL JOURNAL OF INTELLIGENT COMPUTING AND CYBERNETICS, 2020, 13 (01) : 103 - 126
  • [13] Subjective probability, confidence, and Bayesian updating
    Kopylov, Igor
    ECONOMIC THEORY, 2016, 62 (04) : 635 - 658
  • [14] When does aggregation reduce risk aversion?
    Chambers, Christopher P.
    Echenique, Federico
    GAMES AND ECONOMIC BEHAVIOR, 2012, 76 (02) : 582 - 595
  • [15] Bayesian Identification of Fixations, Saccades, and Smooth Pursuits
    Santini, Thiago
    Fuhl, Wolfgang
    Kuebler, Thomas
    Kasneci, Enkelejda
    2016 ACM SYMPOSIUM ON EYE TRACKING RESEARCH & APPLICATIONS (ETRA 2016), 2016, : 163 - 170
  • [16] The ex ante aggregation of opinions under uncertainty
    Nascimento, Leandro
    THEORETICAL ECONOMICS, 2012, 7 (03) : 535 - 570
  • [17] Combining Lead Exposure Measurements and Experts' Judgment Through a Bayesian Framework
    Koh, Dong-Hee
    Park, Ju-Hyun
    Lee, Sang-Gil
    Kim, Hwan-Cheol
    Choi, Sangjun
    Jung, Hyejung
    Park, Dong-Uk
    ANNALS OF WORK EXPOSURES AND HEALTH, 2017, 61 (09) : 1054 - 1075
  • [18] Decisions Under Uncertainty as Bayesian Inference on Choice Options
    Vieider, Ferdinand M.
    MANAGEMENT SCIENCE, 2025, 70 (12) : 9014 - 9030
  • [19] Bayesian optimism
    Saponara, Nick
    ECONOMIC THEORY, 2018, 66 (02) : 375 - 406
  • [20] Aggregation-Based Framework for Construction Risk Assessment with Heterogeneous Groups of Experts
    Monzer, Natalie
    Fayek, Aminah Robinson
    Lourenzutti, Rodolfo
    Siraj, Nasir B.
    JOURNAL OF CONSTRUCTION ENGINEERING AND MANAGEMENT, 2019, 145 (03)
12345