Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/43810
Authors: 
Bier, Monika
Year of Publication: 
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: 
Document Type: 
Working Paper

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