LAPIED, ANDRE; TOQUEBEUF, PASCAL - TEPP Fédération de Recherche Travail Emploi et …
We give an axiomatic foundation to the updating rule proposed by [Sarin, R. and Wakker, P. P. (1998). Revealed likelihood and knightian uncertainty. Journal of Risk and Uncertainty 16(3):223-250.] for CEU preferences. This rule is dynam- ically consistent but non-consequentialist, since forgone...