Perceived ambiguity and relevant measures
We axiomatize preferences that can be represented by a monotonic aggregation of subjective expected utilities generated by a utility function and some set of i.i.d. probability measures over a product state space, S1. For such preferences, we define relevant measures, show that they are treated as i...
| Main Authors: | , , |
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| Format: | Working paper |
| Published: |
University of Oxford
2014
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