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We provide an axiomatization of an additively separable social welfare function in the context of Harsanyi’s impartial observer theorem. To do this, we reformulate Harsanyi’s setting to make the lotteries over the identities the observer may assume independent of the social alternative....
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What is the relationship between an agent's attitude towards information, and her attitude towards risk? If an agent always prefers more information, does this imply that she obeys the independence axiom? We provide a substitution property on preferences that is equivalent to the agent...
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We provide necessary and sufficient conditions for a dynamically consistent agent always to prefer more informative signals (in single-agent problems). These conditions do not imply recursivity, reduction or independence. We provide a simple definition of dynamically consistent behavior, and we...
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