Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/127301 
Erscheinungsjahr: 
2009
Schriftenreihe/Nr.: 
Discussion Paper Series No. 489
Verlag: 
University of Heidelberg, Department of Economics, Heidelberg
Zusammenfassung: 
This paper explores the relationship between dynamic consistency and the existing notions of unambiguous events for Choquet expected utility preferences. A decision maker is faced with an information structure represented by a filtration. We show that the decision maker's preferences respect dynamic consistency on a fixed filtration if and only if the last stage of the filtration is composed of unambiguous events in the sense of Nehring (1999). Adopting two axioms, conditional certainty equivalence consistency and constrained dynamic consistency to filtration measurable acts, it is shown that the decision maker respects these two axioms on a fixed filtration if and only if the last stage of the filtration is made up of unambiguous events the sense of Zhang (2002).
Schlagwörter: 
Choquet expected utility
unambiguous events
filtration
updating
dynamic consistency
consequentialism
JEL: 
D81
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
329 kB





Publikationen in EconStor sind urheberrechtlich geschützt.