Uncertainty averse preferences

نویسندگان
چکیده

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Uncertainty averse preferences

We study uncertainty averse preferences, that is, complete and transitive preferences that are convex and monotone. We establish a representation result, which is at same time general and rich in structure. Many objective functions commonly used in applications are special cases of this representation. JEL classification: D81

متن کامل

Objective Rationality and Uncertainty Averse Preferences

As in Gilboa, Maccheroni, Marinacci, and Schmeidler [12], we consider a decision maker characterized by two binary relations: % and %^. The …rst binary relation is a Bewley preference. It models the rankings for which the decision maker is sure. The second binary relation is an uncertainty averse preference, as de…ned by Cerreia-Vioglio, Maccheroni, Marinacci, and Montrucchio [4]. It models the...

متن کامل

Blackwell's informativeness ranking with uncertainty-averse preferences

Blackwell (1951, 1953) proposes an informativeness ranking of experiments: Experiment I is more Blackwell-informative than Experiment II if and only if the value of experiment I is higher than that of experiment II for all expected-utility maximizers. Under commitment and reduction, our main theorem shows that Blackwell equivalence holds for all convex and strongly monotone preferences, i.e., t...

متن کامل

Anticipatory feelings may generate ambiguity averse preferences

We consider the impact of anticipatory feelings on behavior. We focus on a very simple type of anticipatory feelings: we assume that anticipatory feelings are based on future expected utility. Although this modeling may not reflect the complexity of anticipatory emotions, it has an interesting consequence: We show that when there are diminishing returns in anticipatory feelings and additive sep...

متن کامل

Inequity-averse preferences in general equilibrium

We study the stabilitywith respect to the introduction of opportunitybased inequity aversion a la Dufwenberg et al. (2011) of three welfare properties satisfiedbycompetitive equilibria in self-regarding economies: (i) Pareto efficiencymay not be a stable property; (ii) undomination with respect to income redistribution is a stablepropertywhenever themarginal indirect utility of income has no ex...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Journal of Economic Theory

سال: 2011

ISSN: 0022-0531

DOI: 10.1016/j.jet.2011.05.006