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Title:Characterization of time-consistent sets of measures in finite trees PDF Logo
Authors:Bier, Monika
Issue Date:2010
Series/Report no.:Working papers // Institute of Mathematical Economics 434
Abstract:In this paper we give an alternative characterization for time-consistent sets of measures in a discrete setting. For each measure P in a time-consistent set Ρ we get a distinct set of predictable processes which in return decribe the P uniquely. This implies we get a one-to-one correspondence between time-consistent sets of measures and sets of predictable processes with specific features.
Subjects:Multiple Priors
Time-Consistency
Ambiguity
Uncertainty Aversion
JEL:D81
Persistent Identifier of the first edition:urn:nbn:de:hbz:361-17050
Document Type:Working Paper
Appears in Collections:Working Papers, Center for Mathematical Economics (IMW), Bielefeld University

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