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Rheinische Friedrich-Wilhelms-Universität Bonn >
Bonn Graduate School of Economics (BGSE), Universität Bonn >
Bonn Econ Discussion Papers, Bonn Graduate School of Economics (BGSE), Universität Bonn >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/22974
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Pope, Robin | | en_US |
| dc.date.accessioned | | 2009-01-29T15:11:32Z | | - |
| dc.date.available | | 2009-01-29T15:11:32Z | | - |
| dc.date.issued | | 2006 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/22974 | | - |
| dc.description.abstract | | It is here shown that the extension of expected utility theory to multiple periods destroys the axiomatic base by introducing timing contradictions in what the chooser knows at a single time point. It is shown that some of these timing contradictions remain even if, as Samuelson (1952) proposed, no segment of the outcome space (to which utility attaches) commences before all risk is passed. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | | | en_US |
| dc.relation.ispartofseries | | Bonn econ discussion papers 2006,30 | | en_US |
| dc.subject.jel | | D90 | | en_US |
| dc.subject.jel | | D81 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | expected utility theory | | en_US |
| dc.subject.keyword | | rank dependent theories | | en_US |
| dc.subject.keyword | | axioms | | en_US |
| dc.subject.keyword | | single period | | en_US |
| dc.subject.keyword | | multiple period | | en_US |
| dc.subject.keyword | | timing contradictions | | en_US |
| dc.subject.keyword | | degree of knowledge ahead | | en_US |
| dc.title | | Multiple Periods Destroy the Axiomatic Base of Expected Utility Theory and its Standard Generalisations | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 525262148 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Bonn Econ Discussion Papers, Bonn Graduate School of Economics (BGSE), Universität Bonn
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