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Article Dans Une Revue Mathematical Social Sciences Année : 2012

Dynamically consistent CEU preferences on -convex events

Résumé

We give an axiomatic foundation to the updating rule proposed by Sarin and Wakker [Sarin, R., Wakker, P.P., 1998a. Revealed likelihood and knightian uncertainty. Journal of Risk and Uncertainty 16, 223–250] for CEU preferences. This rule is dynamically consistent but non-consequentialist, since forgone consequences are relevant for conditioning. Whereas it does not work universally, but only when counterfactuals outcomes are better and/or worse than the ones resulting on the conditioning event, the rule has many interesting features, since it is able to describe Ellsberg-type preferences together with a recursive structure of the criterion.

Dates et versions

hal-03216991 , version 1 (04-05-2021)

Identifiants

Citer

André Lapied, Pascal Toquebeuf. Dynamically consistent CEU preferences on -convex events. Mathematical Social Sciences, 2012, 63 (3), pp.252-256. ⟨10.1016/j.mathsocsci.2012.03.001⟩. ⟨hal-03216991⟩
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