Nonadditive expected utility models were developed for explaining preferences in settings where probabilities cannot be assigned to events. In the absence of probabilities, difficulties arise in the interpretation of likelihoods of events. In this paper we introduce a notion of revealed...

This paper explores how some widely studied classes of nonexpected utility models could be used in dynamic choice situations. A new 'sequential consistency' condition is introduced for single-stage and multi-stage decision problems. Sequential consistency requires that if a decision maker has...