This paper presents a new model of probabilistic binary choice under risk. In this model, a decision maker always satisfies first-order stochastic dominance. If neither lottery stochastically ...
The probabilistic bisection algorithm (PBA) solves a class of stochastic rootfinding problems in one dimension by successively updating a prior belief on the location of the root based on noisy ...
Results that may be inaccessible to you are currently showing.
Hide inaccessible results
Feedback