Online Appendix: Preferences for Flexibility and Randomization under Uncertainty
نویسنده
چکیده
In this online appendix, we present an extension of Theorem 1. We show that an RUA representation can incorporate the variational preferences of Maccheroni, Marinacci, and Rustichini (2006), which are general enough to incorporate other well-known uncertainty-averse preferences, such as the maxmin preferences of Gilboa and Schmeidler (1989), the multiplier preferences of Hansen and Sargent (2001), and the vector-expected utility preferences of Siniscalchi (2009). We present the extension of Theorem 1 in Section 1. The proof is in Section 2. In Section 3, we provide the omitted proofs of Lemmas 1 and 2 in the proof of Theorem 1.
منابع مشابه
Online Appendix: Impact of Sourcing Flexibility on the Outsourcing of Services under Demand Uncertainty
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