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Subjective expected utility with incomplete preferences
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Galaabaatar, Tsogbadral and Karni, Edi (2013) Subjective expected utility with incomplete preferences. Econometrica, 81 (1). pp. 255-284. doi:10.3982/ECTA9621 ISSN 0012-9682.
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Official URL: http://dx.doi.org/10.3982/ECTA9621
Abstract
This paper extends the subjective expected utility model of decision making under uncertainty to include incomplete beliefs and tastes. The main results are two axiomatizations of the multiprior expected multiutility representations of preference relations under uncertainty. The paper also introduces new axiomatizations of Knightian uncertainty and the expected multiutility model with complete beliefs
| Item Type: | Journal Article | ||||||
|---|---|---|---|---|---|---|---|
| Subjects: | H Social Sciences > HB Economic Theory | ||||||
| Divisions: | Faculty of Social Sciences > Warwick Business School > Behavioural Science Faculty of Social Sciences > Warwick Business School |
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| Library of Congress Subject Headings (LCSH): | Microeconomics, Economics | ||||||
| Journal or Publication Title: | Econometrica | ||||||
| Publisher: | Blackwell Publishing | ||||||
| ISSN: | 0012-9682 | ||||||
| Official Date: | January 2013 | ||||||
| Dates: |
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| Volume: | 81 | ||||||
| Number: | 1 | ||||||
| Page Range: | pp. 255-284 | ||||||
| DOI: | 10.3982/ECTA9621 | ||||||
| Status: | Peer Reviewed | ||||||
| Publication Status: | Published | ||||||
| Access rights to Published version: | Restricted or Subscription Access |
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