Probabilistic sophistication and multiple priors.

We show that under fairly mild conditions, a maximin expected utility preference relation is probabilistically sophisticated if and only if it is subjective expected utility.

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Year of publication:	2001-01
Authors:	Marinacci, Massimo
Institutions:	International Centre for Economic Research (ICER)

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Extent:	application/pdf
Series:	ICER Working Papers - Applied Mathematics Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	18 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005077204