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Desirability

27 February 2018 at 12:00 PM - 1:00 PM

Room 104, Campus on Viale Romania, 32

Speaker: Dov Samet, Tel Aviv University

Abstract: Savage's theory of decision shows the equivalence of two structures. One is the behavioral-observable preferences over acts, the other is the mental-nunobservable structure of probability and utility. The latter is not only unobservable but also cannot be reported by the decision maker. We propose an alternative mental-unobservable structure of desirability preferences which can replace the pair probability-utility and can be consciously reported. Joint work with D. Schmeidler.