CZ:Ref:DOI:10.2307/1884324

From Citizendium
Jump to navigation Jump to search

Ellsberg, Daniel (1961), "Risk, Ambiguity, and the Savage Axioms", Quarterly Journal of Economics 75 (4): 643–669, DOI:10.2307/1884324 [e]

Introduces the Ellsberg paradox, a phenomenon studied in decision theory and relevant, for instance, for risk assessment during peer review of research grant proposals.