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Richard Bradley (LSE): Decision Theory Masterclass (3 of 3)
6 March 2014, 2:30 pm – 4:30 pm
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In this third masterclass I will be presenting the main ‘post-Bayesian’ models of decision making under uncertainty (ambiguity); including Maximin EU; the ‘smooth’ model of ambiguity and Bewley’s theory of choice under incompleteness. In order to understand the background for these models I will look briefly at the older literature on decision making under ignorance and present the Anscombe-Aumann framework within which much of the contemporary literature works.