Working paper
Perceived ambiguity and relevant measures
- Abstract:
-
We axiomatize preferences that can be represented by a monotonic aggregation of subjective expected utilities generated by a utility function and some set of i.i.d. probability measures over a product state space, S1. For such preferences, we define relevant measures, show that they are treated as if they were the only marginals possibly governing the state space and connect them with the measures appearing in the aforementioned representation. These results allow us to interpret relevant mea...
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- Publication status:
- Published
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Bibliographic Details
- Publisher:
- University of Oxford
- Series:
- Department of Economics Discussion Paper Series
- Publication date:
- 2014-06-10
- Paper number:
- 711
Item Description
- Keywords:
- Pubs id:
-
514616
- Local pid:
-
pubs:514616
- Deposit date:
-
2020-12-14
Terms of use
- Copyright date:
- 2014
- Rights statement:
- Copyright 2014 The Author(s)
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