Search Results - subject:"Incomplete preferences"

Exchange asymmetry in experimental settings

Brown, Thomas C.; Morrison, Mark D.; Benfield, Jacob A.; … - In: Journal of economic behavior & organization : JEBO 120 (2015), pp. 104-116

Persistent link: https://www.econbiz.de/10011572864

Potential games with incomplete preferences

Park, Jaeok - In: Journal of mathematical economics 61 (2015), pp. 58-66

Persistent link: https://www.econbiz.de/10011573799

Uncertain equilibria and incomplete preferences

Chambers, Robert G. - In: Journal of Mathematical Economics 55 (2014) C, pp. 48-54

preference structures. A particularly convenient characterization of Paretian equilibria in the presence of incomplete … preferences, which allows Paretian equilibrium to be characterized using simple principles of convex optimization and (sub …

Persistent link: https://www.econbiz.de/10011118004

Indecisiveness in behavioral welfare economics

Mandler, Michael - In: Journal of Economic Behavior & Organization 97 (2014) C, pp. 219-235

When an individual's preferences depend on the time or ‘frame’ at which decisions are made, the preferences that appear at different frames must be aggregated in order to make social decisions. Suppose we aggregate each individual i's frame-based preferences with a ‘behavioral welfare...

Persistent link: https://www.econbiz.de/10010737924

Efficient allocations and equilibria with short-selling and incomplete preferences

Le Van, C.; Dana, Rose-Anne - Université Paris-Dauphine (Paris IX) - 2014

unbounded below under the assumption that agents have incomplete preferences. Our model is motivated by an example in the theory … of assets with short-selling where there is risk and ambiguity. Agents have Bewley’s incomplete preferences. As an … more likely is an equilibrium to exist. The paper then turns to incomplete preferences represented by a family of concave …

Persistent link: https://www.econbiz.de/10010799311

Efficient allocations and equilibria with short-selling and incomplete preferences

Dana, R.A.; Le Van, C. - In: Journal of Mathematical Economics 53 (2014) C, pp. 101-105

Persistent link: https://www.econbiz.de/10010931628

Cautious Expected Utility and the Certainty Effect

Cerreia-Vioglio, Simone; Dillenberger, David; Ortoleva, … - Department of Economics, University of Pennsylvania - 2014

Many violations of the Independence axiom of Expected Utility can be traced to subjects' attraction to risk-free prospects. The key axiom in this paper, Negative Certainty Independence (Dillenberger, 2010), formalizes this tendency. Our main result is a utility representation of all preferences...

Persistent link: https://www.econbiz.de/10010743117

Chapter 1. Axiomatic Foundations of Expected Utility and Subjective Probability

Karni, Edi - In: Handbook of the economics of risk and uncertainty : volume 1, (pp. 1-39). 2014

This chapter provides a critical review of the theories of decision making under risk and under uncertainty and the notion of choice-based subjective probabilities. It includes formal statements and discussions of the various models, including their analytical frameworks, the corresponding...

Persistent link: https://www.econbiz.de/10014025531

Axiomatic foundations of expected utility and subjective probability

Karni, Edi - 2014

Persistent link: https://www.econbiz.de/10010366845

A canonical model of choice with initial endowments

Masatlioglu, Yusufcan; Ok, Efe A. - In: The review of economic studies 81 (2014) 2, pp. 851-883

Persistent link: https://www.econbiz.de/10010485065