Outputs (3)

Aggregating Inconclusive Data Sets (2024)
Journal Article
Gayer, G., Lehrer, E., & Persitz, D. (2024). Aggregating Inconclusive Data Sets. Games and Economic Behavior, 146, 77-90. https://doi.org/10.1016/j.geb.2024.04.011

An administrator is provided with data collected by several practitioners. These data may include inconclusive observations. The administrator is required to form a frequency distribution on the states of nature that would be approved by external aud... Read More about Aggregating Inconclusive Data Sets.

Interpersonal independence of knowledge and belief (2024)
Journal Article
Lehrer, E., & Samet, D. (in press). Interpersonal independence of knowledge and belief. Synthese,

Weighted Utility and Optimism/Pessimism: A Decision-Theoretic Foundation of Various Stochastic Dominance Orders (2024)
Journal Article
Wang, T., & Lehrer, E. (2024). Weighted Utility and Optimism/Pessimism: A Decision-Theoretic Foundation of Various Stochastic Dominance Orders. American Economic Journal: Microeconomics, 16(1), 210-223. https://doi.org/10.1257/mic.20220350

We show that a probability distribution likelihood-ratio dominates another distribution if and only if, for every weighted utility function, the former is preferred over the latter. Likewise, a probability distribution hazard-rate (or reverse hazard... Read More about Weighted Utility and Optimism/Pessimism: A Decision-Theoretic Foundation of Various Stochastic Dominance Orders.