Monotone Preferences over Information

Abstract We consider preference relations over information that are monotone: more information is preferred to less. We prove that, if a preference relation on information about an uncountable set of states of nature is monotone, then it is not representable by a utility function.

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Year of publication:	2001
Authors:	Dubra, Juan ; Echenique, Federico
Published in:	The B.E. Journal of Theoretical Economics. - De Gruyter, ISSN 1935-1704, ZDB-ID 2268339-2. - Vol. 1.2001, 1
Publisher:	De Gruyter
Subject:	value of information \| Blackwell’s Theorem \| representation theorems \| monotone preferences

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Type of publication:	Article
Type of publication (narrower categories):	research-article
Language:	English
Other identifiers:	10.2202/1534-598X.1033 [DOI]
Source:	Other ZBW resources

Persistent link: https://www.econbiz.de/10014589050