2012年1月
Lexicographic expected utility with a subjective state space
ECONOMIC THEORY
- ,
- 巻
- 49
- 号
- 1
- 開始ページ
- 175
- 終了ページ
- 192
- 記述言語
- 英語
- 掲載種別
- 研究論文(学術雑誌)
- DOI
- 10.1007/s00199-010-0546-x
- 出版者・発行元
- SPRINGER
This paper provides a model that allows for a criterion of admissibility based on a subjective state space. For this purpose, we build a non-Archimedean model of preference with subjective states, generalizing Blume et al. (Econometrica 59:61-79, 1991), who present a non-Archimedean model with exogenous states; and Dekel et al. (Econometrica 69:891-934, 2001), who present an Archimedean model with an endogenous state space. We interpret the representation as modeling an agent who has several "hypotheses" about her state space, and who views some as "infinitely less relevant" than others.
- リンク情報
- ID情報
-
- DOI : 10.1007/s00199-010-0546-x
- ISSN : 0938-2259
- Web of Science ID : WOS:000298655000007