Template-Type:ReDIF-Paper 1.0  
Title:Caution in Generic Decisions Situations
Author-Name:Ewerhart, Christian
Classification-JEL:
Keywords: Bayesian decision maker, generic decision situations
Abstract: It is shown that a Bayesian decision maker is cautious in generic decision situations. Formally, we prove that
	in almost all decisions under uncertainty every Bayesian mixed best reply to a subjective prior as actually a best reply to
	prior that gives positive probability to every possible state of the world. Examples of game theoretic applications are
	given. 
Length: pages
Creation-Date: 1995-11
Revision-Date: 
Handle: RePEc:bon:bonsfb:340