Chateauneuf, Alain; Macheronni, Fabio; Marinacci, Massimo; … - HAL - 2005
We show that the monotone continuity condition introduced by Arrow (1970) is the behavioral counterpart of countable additivity and weak compactness of the set of priors in a maxmin expected utility model. This generalizes Arrow's original result, who considered the special case of a singleton...