Showing 1 - 10 of 17
Persistent link: https://www.econbiz.de/10001904159
Persistent link: https://www.econbiz.de/10001708073
Persistent link: https://www.econbiz.de/10001574956
Persistent link: https://www.econbiz.de/10001574959
Persistent link: https://www.econbiz.de/10001577458
Persistent link: https://www.econbiz.de/10003840966
Persistent link: https://www.econbiz.de/10005364570
We comment on the relation between models of information based on signals/partitions, and those based on sigma-algebras. We show that more informative signals need not generate finer sigma-algebras, hence that Blackwell's theorem fails if information is modeled as sigma-algebras. The reason is...
Persistent link: https://www.econbiz.de/10005593228
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.
Persistent link: https://www.econbiz.de/10005463865
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.
Persistent link: https://www.econbiz.de/10005178463