Process fairness and dynamic consistency

被引：17
|
作者：
Trautmann, Stefan T. [2 ]
Wakker, Peter P. [1 ]
机构：
[1] Erasmus Univ, Erasmus Sch Econ, NL-3000 DR Rotterdam, Netherlands
[2] Tilburg Univ, TIBER CentER, Tilburg, Netherlands
来源：
ECONOMICS LETTERS | 2010年 / 109卷 / 03期
关键词：
Dynamic consistency; Procedural fairness; Time consistency; Equity; Nonexpected utility; INCONSISTENCY; RECIPROCITY; COMPETITION; LOTTERIES; CHOICE;
D O I：
10.1016/j.econlet.2010.08.031
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
When process fairness deviates from outcome fairness dynamic inconsistencies can arise as in nonexpected utility Resolute choice (Machina) can restore dynamic consistency under nonexpected utility without using Strotz s precommitment It can similarly justify dynamically consistent process fairness (C) 2010 Elsevier B V All rights reserved
引用
收藏
页码：187 / 189
页数：3
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