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Dynamics of Inductive Inference in a Unified Framework

Itzhak Gilboa, Larry Samuelson, and David Schmeidler

in Analogies and Theories: Formal Models of Reasoning

Published in print:
2015
Published Online:
May 2015
ISBN:
9780198738022
eISBN:
9780191801419
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198738022.003.0004
Subject:
Economics and Finance, Econometrics

This chapter presents a formal model that captures both case‐based and rule‐based reasoning. The model is general enough to describe Bayesian reasoning, which may be viewed as an extreme example of ... More


Analogies and Theories: The Role of Simplicity and the Emergence of Norms

Itzhak Gilboa, Larry Samuelson, and David Schmeidler

in Analogies and Theories: Formal Models of Reasoning

Published in print:
2015
Published Online:
May 2015
ISBN:
9780198738022
eISBN:
9780191801419
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198738022.003.0005
Subject:
Economics and Finance, Econometrics

This chapter first adapts the framework of the model of Gilboa, Samuelson, and Schmeidler (GSS, 2013, Chapter 3) and defines case-based and rule-based reasoning. It then deals with a purely exogenous ... More


Analogies and Theories: Formal Models of Reasoning

Itzhak Gilboa, Larry Samuelson, and David Schmeidler

Published in print:
2015
Published Online:
May 2015
ISBN:
9780198738022
eISBN:
9780191801419
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198738022.001.0001
Subject:
Economics and Finance, Econometrics

The book describes formal models of reasoning that are aimed at capturing the way that economic agents and decision makers in general think about their environment and make predictions based on their ... More


Inductive Inference: An Axiomatic Approach

Itzhak Gilboa, Larry Samuelson, and David Schmeidler

in Analogies and Theories: Formal Models of Reasoning

Published in print:
2015
Published Online:
May 2015
ISBN:
9780198738022
eISBN:
9780191801419
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198738022.003.0002
Subject:
Economics and Finance, Econometrics

This chapter focuses on case-based reasoning. It offers an axiomatic approach to the following problem: given a database of observations, how should different eventualities be ranked? The approach is ... More


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