Dynamically consistent preferences, quadratic beliefs, and choice under uncertainty

被引:0
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作者
Eichberger, J
Grant, S
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F [经济];
学科分类号
02 ;
摘要
In this paper we propose a new representation of preferences over uncertain acts than can accommodate both the Allais and Ellsberg paradox while retaining the form of representation under dynamically consistent updating. Moreover, this representation still allows one to distinguish risk preferences from beliefs.
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页码:195 / 205
页数:11
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