On Uncertainty Aversion under Complete Ignorance: Some Further Observations on the Impossibility Results

The paper claims that the Monotone Consistency condition utilized by Baigent in his proof of the impossibility theorem is too strong. We factorize this condition into two different weaker conditions and show that they are inconsistent with some variants of the Simple Uncertainty Aversion and the Simple Uncertainty Appeal conditions in the presence of the Independence condition.

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Year of publication:	2005
Authors:	Gekker, Ruvin
Institutions:	Department of Economics, National University of Ireland
Subject:	complete ignorance \| uncertainty aversion \| uncertainty appeal

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 0090
Classification:	D83 - Search, Learning, Information and Knowledge
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008543372