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
相关论文
共 50 条
  • [21] Dissecting inequality-averse preferences
    Bergolo, Marcelo
    Burdin, Gabriel
    Burone, Santiago
    De Rosa, Mauricio
    Giaccobasso, Matias
    Leites, Martin
    [J]. JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION, 2022, 200 : 782 - 802
  • [22] Dynamic Mixture-Averse Preferences
    Sarver, Todd
    [J]. ECONOMETRICA, 2018, 86 (04) : 1347 - 1382
  • [23] Ambiguity Preferences and Games
    Sun, Lan
    [J]. INTELLIGENT COMPUTING THEORIES, 2013, 7995 : 120 - 127
  • [24] HETEROGENEITY OF AMBIGUITY PREFERENCES
    Stahl, Dale O.
    [J]. REVIEW OF ECONOMICS AND STATISTICS, 2014, 96 (04) : 609 - 617
  • [25] Patient ambiguity preferences
    Hsu, J
    Asch, DA
    Baron, J
    Ubel, PA
    [J]. MEDICAL DECISION MAKING, 1998, 18 (04) : 457 - 457
  • [26] Ambiguity preferences for health
    Attema, Arthur E.
    Bleichrodt, Han
    L'Haridon, Olivier
    [J]. HEALTH ECONOMICS, 2018, 27 (11) : 1699 - 1716
  • [27] A note on Kuhn's Theorem with ambiguity averse players
    Aryal, Gaurab
    Stauber, Ronald
    [J]. ECONOMICS LETTERS, 2014, 125 (01) : 110 - 114
  • [28] Information in Equity Markets with Ambiguity-Averse Investors
    Caskey, Judson A.
    [J]. REVIEW OF FINANCIAL STUDIES, 2009, 22 (09): : 3595 - 3627
  • [29] Incomplete contracts and strategic ambiguity
    Bernheim, BD
    Whinston, MD
    [J]. AMERICAN ECONOMIC REVIEW, 1998, 88 (04): : 902 - 932
  • [30] Characterization of variation averse preferences by present value
    Keskin, Umut
    [J]. ECONOMICS LETTERS, 2020, 196