Dynamic consistency and reference points

被引：6
|
作者：
Segal, U
机构：
[1] Department of Economics, University of Western Ontario, London
来源：
JOURNAL OF ECONOMIC THEORY | 1997年 / 72卷 / 01期
关键词：
D O I：
10.1006/jeth.1996.2204
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This note provides a positive answer to the following question. Is it possible to define a set of preference relations, one for each node of a decision tree, such that these preferences satisfy the reduction of compound lotteries axiom and dynamic consistency, and yet do not converge to expected utility? It is argued that updated preferences necessarily have one affine indifference curve but that other indifference curves are unrestricted. A connection is drawn to modelling ''reference points.'' (C) 1997 Academic Press.
引用
收藏
页码：208 / 219
页数：12
相关论文
共 50 条
  • [1] Consideration sets and reference points in a dynamic bargaining game
    Karagozoglu, Emin
    Keskin, Kerim
    JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION, 2024, 219 : 381 - 403
  • [2] SMS-EMOA with Multiple Dynamic Reference Points
    Yang, Zhiwei
    Wang, Hao
    Yang, Kaifeng
    Back, Thomas
    Emmerich, Michael
    2016 12TH INTERNATIONAL CONFERENCE ON NATURAL COMPUTATION, FUZZY SYSTEMS AND KNOWLEDGE DISCOVERY (ICNC-FSKD), 2016, : 282 - 288
  • [3] Change dynamic of treatment systems - International reference points
    Klingemann, Harald
    SUCHT-ZEITSCHRIFT FUR WISSENSCHAFT UND PRAXIS, 2020, 66 (01): : 9 - 11
  • [4] Framing reference points: The effect of integration and segregation on dynamic inconsistency
    Barkan, R
    Danziger, S
    Ben-Bashat, G
    Busemeyer, JR
    JOURNAL OF BEHAVIORAL DECISION MAKING, 2005, 18 (03) : 213 - 226
  • [5] Harvest reference points for the Beverton and Holt dynamic pool model
    Jensen, AL
    FISHERIES RESEARCH, 2000, 47 (01) : 93 - 96
  • [6] Stereo matching method for non-coding circular reference points based on motion consistency
    Nie Jianhui
    JOURNAL OF COMPUTATIONAL SCIENCE, 2018, 27 : 454 - 461
  • [7] Improvement of the Cluster-Level Spatial Consistency of Channel Simulator With Reference Points Transition Method
    Wu, Chi
    Zhu, Yiming
    Wang, Wenjin
    Wang, Cheng-Xiang
    Gao, Xiqi
    IEEE TRANSACTIONS ON VEHICULAR TECHNOLOGY, 2022, 71 (06) : 5867 - 5879
  • [8] POINTS OF REFERENCE
    Floyd, Jade
    ARCHITECTURAL DIGEST, 2012, 69 (02) : 20 - 20
  • [9] 'POINTS OF REFERENCE'
    KANFER, A
    STUDIA MYSTICA, 1984, 7 (03): : 50 - 51
  • [10] Points of reference
    Habeneck, Francois-Antoine
    AVANT SCENE OPERA, 2018, (305): : 3 - 5
12345