Risk, Ambiguity, and the Savage Axioms

1961/11/01 by Daniel Ellsberg · 11 citations
Arts and Humanities · Decision Sciences · Mathematics · #Ambiguity #Axiom #Complex Systems and Decision Making #Economics #Leadership, Behavior, and Decision-Making Studies #Linguistics #Mathematical economics #Mathematics #Neoclassical economics #Philosophy #Philosophy and History of Science #Positive economics

paper · doi:10.2307/1884324

openalex publication_date 1961/11/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/08/05

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.

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