Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/49875
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dc.contributor.authorGalaabaatar, Tsogbadralen_US
dc.contributor.authorKarni, Edien_US
dc.date.accessioned2010-11-04en_US
dc.date.accessioned2011-09-27T15:21:10Z-
dc.date.available2011-09-27T15:21:10Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/49875-
dc.description.abstractThis 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.isoengen_US
dc.publisher|aJohns Hopkins Univ., Dep. of Economics |cBaltimore, Md.en_US
dc.relation.ispartofseries|aWorking papers // the Johns Hopkins University, Department of Economics |x572en_US
dc.subject.ddc330en_US
dc.subject.keywordIncomplete preferencesen_US
dc.subject.keywordKnightian uncertaintyen_US
dc.subject.keywordMultiprior expected multi-utility representationsen_US
dc.subject.keywordIncomplete beliefsen_US
dc.subject.keywordIncomplete tastesen_US
dc.titleObjective and subjective expected utility with incomplete preferencesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn638477700en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

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