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Department of Economics, The Johns Hopkins University >
Working Papers, Department of Economics, The Johns Hopkins University >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/49875
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Galaabaatar, Tsogbadral | | en_US |
| dc.contributor.author | | Karni, Edi | | en_US |
| dc.date.accessioned | | 2010-11-04 | | en_US |
| dc.date.accessioned | | 2011-09-27T15:21:10Z | | - |
| dc.date.available | | 2011-09-27T15:21:10Z | | - |
| dc.date.issued | | 2010 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/49875 | | - |
| dc.description.abstract | | This paper extends the expected utility models of decision making under risk and under uncertainty to include incomplete beliefs and tastes. The main results are two axiomatizations of the multi-prior expected multi-utility representations of preference relation under uncertainty, thereby resolving long standing open questions. The Knightian uncertainty model and expected multi-utility model with complete beliefs are obtained as special cases. In addition, the von Neumann-Morgenstern expected utility model with incomplete preferences is revisited using a 'constructive' approach, as opposed to earlier treatments that use convex analysis. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Johns Hopkins Univ., Dep. of Economics Baltimore, Md. | | en_US |
| dc.relation.ispartofseries | | Working papers // the Johns Hopkins University, Department of Economics 572 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Incomplete preferences | | en_US |
| dc.subject.keyword | | Knightian uncertainty | | en_US |
| dc.subject.keyword | | Multiprior expected multi-utility representations | | en_US |
| dc.subject.keyword | | Incomplete beliefs | | en_US |
| dc.subject.keyword | | Incomplete tastes | | en_US |
| dc.title | | Objective and subjective expected utility with incomplete preferences | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 638477700 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | Working Papers, Department of Economics, The Johns Hopkins University
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