preferences. First, we elicit axiom and gamble preferences and then allow subjects to revise their potentially conflicting … preferences. Among the behavioral patterns that allow for a clear-cut interpretation on the decision level, we find that roughly …

Preferences over risky alternatives can be elicited by different methods, including direct pairwise choices and …

preferences. First, we elicit axiom and gamble preferences and then allow subjects to revise their potentially conflicting … preferences. Among the behavioral patterns that allow for a clear-cut interpretation on the decision level, we find that roughly …

We introduce a new class of preferences — which we call additive-belief-based (ABB) —that captures a general and yet … the general class of ABB preferences and two prominent special cases, which allow utility to depend on each period … Independence axiom. We identify the intersection of ABB preferences with the class of recursive preferences and characterize …

. Moreover, for both trust and risk, we find that separation attenuates the transmission of preferences from father to child …

. Moreover, for both trust and risk, we find that separation attenuates the transmission of preferences from father to child …

general preferences. In this paper, we characterize dynamically consistent update rules for preference models satisfying … characterize dynamically consistent updating for two important models of ambiguity averse preferences: the ambiguity averse smooth … ambiguity preferences (KlibanoÞ, Marinacci and Mukerji [Econometrica 73 2005, pp. 1849-1892]) and the variational preferences …

. These rules apply to the preferences with multiple priors of Gilboa and Schmeidler (1989), and are the first, for any model … of preferences over acts, to be able to reconcile typical behavior in the face of ambiguity (as exemplified by Ellsberg … set of priors, where the specific subset depends on the preferences, the conditioning event, and the choice problem (i …