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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

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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
Library of Congress Subject Headings (LCSH): Microeconomics, Economics
Journal or Publication Title: Econometrica
Publisher: Blackwell Publishing
ISSN: 0012-9682
Official Date: January 2013
Dates:
DateEvent
January 2013Published
October 2013Submitted
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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