{"id":"https://openalex.org/W3121735331","doi":null,"title":"Theories of Choice Under Ignorance and Uncertainty","display_name":"Theories of Choice Under Ignorance and Uncertainty","publication_year":1991,"publication_date":"1991-01-01","ids":{"openalex":"https://openalex.org/W3121735331","mag":"3121735331"},"language":"en","primary_location":{"id":"mag:3121735331","doi":null,"is_oa":false,"landing_page_url":"http://EconPapers.repec.org/RePEc:bir:birmec:91-17","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},"volume":null,"type":"preprint","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5019649221","display_name":"John C. Quiggin","orcid":"https://orcid.org/0000-0003-0398-8280","observed_orcids":["https://orcid.org/0000-0003-0398-8280"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"John Quiggin","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0003-0398-8280","affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5011421646","display_name":"David H. Kelsey","orcid":"https://orcid.org/0000-0002-8368-7818","observed_orcids":["https://orcid.org/0000-0002-8368-7818","https://orcid.org/0000-0002-2494-8467"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"David Kelsey","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0002-8368-7818","affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":1,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10646","display_name":"Experimental Behavioral Economics Studies","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10785","display_name":"Economic Theory and Institutions","score":0.0,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/decision-making-under-uncertainty","display_name":"decision making under uncertainty","score":0.9390000104904175},{"id":"https://openalex.org/keywords/bayesian-decision-theory","display_name":"Bayesian decision theory","score":0.8309999704360962},{"id":"https://openalex.org/keywords/finance-and-insurance","display_name":"finance and insurance","score":0.718999981880188},{"id":"https://openalex.org/keywords/risk-taking","display_name":"risk-taking","score":0.9950000047683716},{"id":"https://openalex.org/keywords/lotteries","display_name":"lotteries","score":0.9070000052452087},{"id":"https://openalex.org/keywords/decision-theory","display_name":"decision theory","score":0.45100000500679016}],"concepts":[{"id":"https://openalex.org/C2778732403","wikidata":"https://www.wikidata.org/wiki/Q815577","display_name":"Ignorance","level":2,"score":0.700448751449585},{"id":"https://openalex.org/C71140485","wikidata":"https://www.wikidata.org/wiki/Q2943226","display_name":"Knight","level":2,"score":0.6242494583129883},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5814945697784424},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.5009770393371582},{"id":"https://openalex.org/C107673813","wikidata":"https://www.wikidata.org/wiki/Q812534","display_name":"Bayesian probability","level":2,"score":0.4989039897918701},{"id":"https://openalex.org/C28901747","wikidata":"https://www.wikidata.org/wiki/Q177571","display_name":"Decision theory","level":2,"score":0.4502866864204407},{"id":"https://openalex.org/C2779449553","wikidata":"https://www.wikidata.org/wiki/Q5194187","display_name":"Cumulative prospect theory","level":3,"score":0.42544203996658325},{"id":"https://openalex.org/C118084267","wikidata":"https://www.wikidata.org/wiki/Q26110","display_name":"Positive economics","level":1,"score":0.4182993769645691},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.367975115776062},{"id":"https://openalex.org/C205706631","wikidata":"https://www.wikidata.org/wiki/Q2319304","display_name":"Expected utility hypothesis","level":2,"score":0.3660336434841156},{"id":"https://openalex.org/C144237770","wikidata":"https://www.wikidata.org/wiki/Q747534","display_name":"Mathematical economics","level":1,"score":0.3587755262851715},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.24146705865859985},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.23779523372650146},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.2109432816505432},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.10996431112289429},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","level":1,"score":0.07895532250404358},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C1276947","wikidata":"https://www.wikidata.org/wiki/Q333","display_name":"Astronomy","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"mag:3121735331","doi":null,"is_oa":false,"landing_page_url":"http://EconPapers.repec.org/RePEc:bir:birmec:91-17","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W7095883175","https://openalex.org/W2369059590","https://openalex.org/W6948010984","https://openalex.org/W2497444516","https://openalex.org/W2581530489","https://openalex.org/W2413681024","https://openalex.org/W3205731534","https://openalex.org/W1532134535","https://openalex.org/W2138793652","https://openalex.org/W3171587636"],"abstract_inverted_index":{"In":[0],"this":[1,94],"paper,":[2],"Knight's":[3],"distinction":[4],"between":[5],"risk":[6],"and":[7,9,34,64,66],"uncertainty,":[8],"its":[10],"significance":[11],"for":[12,42],"economic":[13],"analysis":[14],"are":[15,54],"examined.":[16],"The":[17,58],"paper":[18],"consists":[19],"of":[20,23,30,37,62,71,93],"a":[21],"survey":[22],"some":[24,35],"recent":[25],"developments":[26],"on":[27,77],"the":[28,67],"theory":[29],"choice":[31],"under":[32],"uncertainty":[33],"applications":[36],"these":[38],"theories":[39],"to":[40],"problems":[41,53],"which":[43],"Bayesian":[44],"Decision":[45],"Theory":[46],"has":[47],"not":[48],"proved":[49],"entirely":[50],"satisfactory.":[51],"Two":[52],"examined":[55],"in":[56],"detail.":[57],"first":[59],"is":[60,69],"that":[61,70],"finance":[63],"insurance":[65],"second":[68],"risk-taking":[72],"behavior":[73],"with":[74],"special":[75],"emphasis":[76],"lotteries.":[78],"Copyright":[79],"1992":[80],"by":[81],"Blackwell":[82],"Publishers":[83],"Ltd":[84],"(This":[86],"abstract":[87],"was":[88],"borrowed":[89],"from":[90],"another":[91],"version":[92],"item.)":[95]},"counts_by_year":[],"updated_date":"2026-09-24T07:57:37.273135","created_date":"2021-02-01T00:00:00"}