A remark on bargaining and non-expected utility

被引：0

作者：

Volij, O ^{[1
]}

机构：

[1] Iowa State Univ Sci & Technol, Dept Econ, Ames, IA 50011 USA

来源：

MATHEMATICAL SOCIAL SCIENCES | 2002年 / 44卷 / 01期

关键词：

bargaining; compound lotteries; dynamic consistency;

D O I：

10.1016/S0165-4896(02)00009-4

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We show that a bargaining game of alternating offers with exogenous risk of breakdown and played by dynamically consistent non-expected utility maximizers is formally equivalent to Rubinstein's [Econometrica 50 (1982) 97] game with time preference. Within this game, the behavior of dynamically consistent players is indistinguishable from the behavior of expected utility maximizers. (C) 2002 Elsevier Science B.V. All rights reserved.

引用

页码：17 / 24

页数：8

共 50 条

[1] A biological basis for expected and non-expected utility
Robson, AJ
[J]. JOURNAL OF ECONOMIC THEORY, 1996, 68 (02) : 397 - 424
[2] Piecewise additivity for non-expected utility
Webb, Craig S.
[J]. ECONOMIC THEORY, 2015, 60 (02) : 371 - 392
[3] Non-expected utility and risk management
Wakker, P
[J]. JOURNAL OF BEHAVIORAL DECISION MAKING, 1998, 11 (02) : 151 - 153
[4] Dynamic consistency and non-expected utility
Segal, U
[J]. UNCERTAIN DECISIONS: BRIDGING THEORY AND EXPERIMENTS, 1999, : 39 - 52
[5] Non-expected utility, saving and portfolios
Haliassos, M
Hassapis, C
[J]. ECONOMIC JOURNAL, 2001, 111 (468): : 69 - 102
[6] Piecewise additivity for non-expected utility
Craig S. Webb
[J]. Economic Theory, 2015, 60 : 371 - 392
[7] Incomplete Insurance and Non-Expected Utility
Saito, Makoto
[J]. JAPANESE ECONOMIC REVIEW, 1998, 49 (03) : 271 - 283
[8] Incomplete Insurance and Non-Expected Utility
Makoto Saito
[J]. The Japanese Economic Review, 1998, 49 : 271 - 283
[9] COMPARATIVE STATICS AND NON-EXPECTED UTILITY PREFERENCES
MACHINA, MJ
[J]. JOURNAL OF ECONOMIC THEORY, 1989, 47 (02) : 393 - 405
[10] Dynamic consistency for non-expected utility preferences
Vergopoulos, Vassili
[J]. ECONOMIC THEORY, 2011, 48 (2-3) : 493 - 518

← 1 2 3 4 5 →