論文

査読有り
2012年1月

Lexicographic expected utility with a subjective state space

ECONOMIC THEORY
  • Youichiro Higashi
  • ,
  • Kazuya Hyogo

49
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
DOI
https://doi.org/10.1007/s00199-010-0546-x
Web of Science
https://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=JSTA_CEL&SrcApp=J_Gate_JST&DestLinkType=FullRecord&KeyUT=WOS:000298655000007&DestApp=WOS_CPL
ID情報
  • DOI : 10.1007/s00199-010-0546-x
  • ISSN : 0938-2259
  • Web of Science ID : WOS:000298655000007

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