Ambiguity through Condence Functions
نویسندگان
چکیده
We characterize preference relations over bounded below Anscombe and Aumanns acts and give necessary and su¢ cient conditions that guarantee the existence of a utility function u on consequences, a con dence function ' on the set of all probabilities over states of nature and a positive threshold level of con dence 0 such that our preference relation has a functional representation J , where given an act f J(f) = min p2L 0' 1 '(p) Z
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Annual Report 4 , Winter 2013
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