David Schmeidler
Encyclopedia
David Schmeidler is an Israel
i mathematician and economic theorist with important contributions in the theory of individual decision making under uncertainty (decision theory
). He currently holds professorships at Ohio State University
and Tel Aviv University
. He received his PhD in Mathematics
from the Hebrew University of Jerusalem
under the supervision of Robert Aumann
. His most influential works include the theories of Choquet expected utility and Maxmin Expected Utility (the latter jointly with Itzhak Gilboa). Both these theories explain individual attitudes towards ambiguity that are consistent with the Ellsberg paradox
.
Israel
The State of Israel is a parliamentary republic located in the Middle East, along the eastern shore of the Mediterranean Sea...
i mathematician and economic theorist with important contributions in the theory of individual decision making under uncertainty (decision theory
Decision theory
Decision theory in economics, psychology, philosophy, mathematics, and statistics is concerned with identifying the values, uncertainties and other issues relevant in a given decision, its rationality, and the resulting optimal decision...
). He currently holds professorships at Ohio State University
Ohio State University
The Ohio State University, commonly referred to as Ohio State, is a public research university located in Columbus, Ohio. It was originally founded in 1870 as a land-grant university and is currently the third largest university campus in the United States...
and Tel Aviv University
Tel Aviv University
Tel Aviv University is a public university located in Ramat Aviv, Tel Aviv, Israel. With nearly 30,000 students, TAU is Israel's largest university.-History:...
. He received his PhD in Mathematics
Mathematics
Mathematics is the study of quantity, space, structure, and change. Mathematicians seek out patterns and formulate new conjectures. Mathematicians resolve the truth or falsity of conjectures by mathematical proofs, which are arguments sufficient to convince other mathematicians of their validity...
from the Hebrew University of Jerusalem
Hebrew University of Jerusalem
The Hebrew University of Jerusalem ; ; abbreviated HUJI) is Israel's second-oldest university, after the Technion – Israel Institute of Technology. The Hebrew University has three campuses in Jerusalem and one in Rehovot. The world's largest Jewish studies library is located on its Edmond J...
under the supervision of Robert Aumann
Robert Aumann
Robert John Aumann is an Israeli-American mathematician and a member of the United States National Academy of Sciences. He is a professor at the Center for the Study of Rationality in the Hebrew University of Jerusalem in Israel...
. His most influential works include the theories of Choquet expected utility and Maxmin Expected Utility (the latter jointly with Itzhak Gilboa). Both these theories explain individual attitudes towards ambiguity that are consistent with the Ellsberg paradox
Ellsberg paradox
The Ellsberg paradox is a paradox in decision theory and experimental economics in which people's choices violate the expected utility hypothesis.An alternate viewpoint is that expected utility theory does not properly describe actual human choices...
.