Bewley, Truman F. - Cowles Foundation for Research in Economics, Yale University - 1986
A theory of choice under uncertainty is proposed which removes the completeness assumption from the Anscombe …-Aumann formulation of Savage's theory and introduces an inertia assumption. The inertia assumption is that there is such a thing as the … status quo and an alternative is accepted only if it is preferred to the status quo. This theory is one way of giving …