Pareto Optimal Allocations for Probabilistic Sophisticated Variational Preferences

We prove the existence of Pareto optimal allocations within sets of acceptable allocations when decision makers have probabilistic sophisticated variational preferences dened on random endowments in L1.

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Authors:	RAVANELLI, Claudia ; SVINDLAND, Gregor
Subject:	Pareto optimal allocations \| variational preferences \| probabilistic sophistication \| ambiguity aversion \| weighted sup-convolution optimization problems

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Extent:	application/pdf
Series:	Swiss Finance Institute Research Paper Series.
Type of publication:	Book / Working Paper
Notes:	Number 11-28 43 pages
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty ; D86 - Economics of Contract: Theory
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10010550276