Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/38797 
Kompletter Metadatensatz
DublinCore-FeldWertSprache
dc.contributor.authorBier, Monikaen
dc.contributor.authorEngelage, Danielen
dc.date.accessioned2010-05-28-
dc.date.accessioned2010-08-17T12:28:08Z-
dc.date.available2010-08-17T12:28:08Z-
dc.date.issued2010-
dc.identifier.urihttp://hdl.handle.net/10419/38797-
dc.description.abstractWe consider long-run behavior of agents assessing risk in terms of dynamic convex risk measures or, equivalently, utility in terms of dynamic variational preferences in an uncertain setting. By virtue of a robust representation, we show that all uncertainty is revealed in the limit and agents behave as expected utility maximizer under the true underlying distribution regardless of their initial risk anticipation. In particular, risk assessments of distinct agents converge. This result is a generalization of the fundamental Blackwell-Dubins Theorem, cp. [Blackwell & Dubins, 62], to convex risk. We furthermore show the result to hold in a non -time-consistent environment.en
dc.language.isoengen
dc.publisher|aUniversity of Bonn, Bonn Graduate School of Economics (BGSE) |cBonnen
dc.relation.ispartofseries|aBonn Econ Discussion Papers |x11/2010en
dc.subject.jelC61en
dc.subject.jelC65en
dc.subject.jelD81en
dc.subject.ddc330en
dc.subject.keywordDynamic Convex Risk Measuresen
dc.subject.keywordMultiple Priorsen
dc.subject.keywordUncertaintyen
dc.subject.keywordRobust Representationen
dc.subject.keywordTime-Consistencyen
dc.subject.keywordBlackwell-Dubinsen
dc.subject.stwRisikopräferenzen
dc.subject.stwErwartungstheorieen
dc.subject.stwEntscheidung bei Unsicherheiten
dc.subject.stwZeitkonsistenzen
dc.subject.stwErwartungsnutzenen
dc.subject.stwTheorieen
dc.titleMerging of Opinions under Uncertainty-
dc.type|aWorking Paperen
dc.identifier.ppn626942055en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:bonedp:112010-

Datei(en):
Datei
Größe
741.8 kB





Publikationen in EconStor sind urheberrechtlich geschützt.