A class of incomplete and ambiguity averse preferences

被引:5
|
作者
Nascimento, Leandro [1 ]
Riella, Gil [2 ]
机构
[1] NYU, Dept Econ, New York, NY 10012 USA
[2] Univ Brasilia, BR-70910900 Brasilia, DF, Brazil
关键词
Incomplete preferences; Ambiguity aversion; EXPECTED UTILITY; SUBJECTIVE-PROBABILITY; UNCERTAINTY AVERSION; COMPLETENESS AXIOM; REPRESENTATION; INDEPENDENCE; ADDITIVITY; CHOICE; RISK;
D O I
10.1016/j.jet.2010.11.005
中图分类号
F [经济];
学科分类号
02 ;
摘要
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.
引用
收藏
页码:728 / 750
页数:23
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