Assessing Strategic Risk

Authors: 
R. J. Aumann and J. H. Dreze
Abstract: 

In recent decades, the concept of subjective probability has been increasingly applied to an adversary’s choices in strategic games. A careful examination reveals that the standard construction of subjective probabilities does not apply in this context. We show how the difficulty may be overcome by means of a different construction.

Date: 
May, 2004
Published in: 
Number: 
361