Maxmin Expected Utility with Non-Unique Prior
Maxmin Expected Utility with Non-Unique Prior is a journal article by Itzhak Gilboa, David Schmeidler (1989), published in Journal of Mathematical Economics. IX Coach's practice library cites it in 2 practices across 1 concept; each one is listed below, so you can see exactly where this journal article is put to use.
Where to find it
Practices on IX Coach that cite Maxmin Expected Utility with Non-Unique Prior
- Run small bets to convert ambiguity into data
Replace paralysis with cheap experiments that generate local evidence and reduce uncertainty incrementally.
Ambiguity Aversion — Why Unknown Odds Feel Worse Than Bad Odds
- Use maximin reasoning for high-stakes, irreversible decisions under ambiguity
Choose the option whose worst plausible outcome is most survivable — when you can’t compute expected value, optimize the floor.
How this page was checked
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