This paper characterizes models of ambiguous beliefs in the absence of the completeness axiom. We axiomatize multiple-selves versions of some of the most important examples of complete and ambiguity averse preferences, and characterize when those incomplete preferences are ambiguity averse. (C) 2011 Elsevier Inc. All rights reserved.
机构:
Univ London, Royal Holloway Coll, London WC1E 7HU, England
Max Planck Inst Res Collect Goods, Bonn, GermanyUniv London, Royal Holloway Coll, London WC1E 7HU, England