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dc.contributor.authorPope, Robinen
dc.date.accessioned2009-01-29T15:11:32Z-
dc.date.available2009-01-29T15:11:32Z-
dc.date.issued2006-
dc.identifier.urihttp://hdl.handle.net/10419/22974-
dc.description.abstractIt is here shown that the extension of expected utility theory to multiple periods destroys the axiomatic base by introducing timing contradictions in what the chooser knows at a single time point. It is shown that some of these timing contradictions remain even if, as Samuelson (1952) proposed, no segment of the outcome space (to which utility attaches) commences before all risk is passed.en
dc.language.isoengen
dc.publisher|aUniversity of Bonn, Bonn Graduate School of Economics (BGSE) |cBonnen
dc.relation.ispartofseries|aBonn Econ Discussion Papers |x30/2006en
dc.subject.jelD90en
dc.subject.jelD81en
dc.subject.ddc330en
dc.subject.keywordexpected utility theoryen
dc.subject.keywordrank dependent theoriesen
dc.subject.keywordaxiomsen
dc.subject.keywordsingle perioden
dc.subject.keywordmultiple perioden
dc.subject.keywordtiming contradictionsen
dc.subject.keyworddegree of knowledge aheaden
dc.titleMultiple Periods Destroy the Axiomatic Base of Expected Utility Theory and its Standard Generalisations-
dc.typeWorking Paperen
dc.identifier.ppn525262148en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:bonedp:302006-

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