article
Risk, Ambiguity, and the Savage Axioms
The Quarterly Journal of Economics · 1961 · Vol. 75(4) · pp. 643–643
Daniel Ellsberg✉(RAND Corporation)
Abstract
I. Are there uncertainties that are not risks? 643. — II. Uncertainties that are not risks, 647. — III. Why are some uncertainties not risks? — 656.
Complex Systems and Decision MakingLeadership, Behavior, and Decision-Making StudiesPhilosophy and History of ScienceAmbiguityAxiomEconomicsMathematical economicsPositive economicsNeoclassical economicsPhilosophyMathematicsLinguistics
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