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STATES OF NATURE AND THE NATURE OF STATES
Published online by Cambridge University Press: 09 June 2016
Abstract:
This paper discusses the definition of the state space and corresponding choice sets that figure in the theory of decision making under uncertainty. It elucidates an approach that overcomes some conceptual difficulties with the standard models and accommodates a procedure for expanding the state space in the wake of growing awareness.
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- Copyright © Cambridge University Press 2016
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