Dominiak, Adam; Lefort, Jean-Philippe - Université Paris-Dauphine (Paris IX) - 2011
expected utility preferences. A decision maker is faced with an information structure represented by a filtration. We show that … the decision maker’s preferences respect dynamic consistency on a fixed filtration if and only if the last stage of the … filtration is composed of unambiguous events in the sense of Nehring (Math Social Sci 38:197–213, 1999). Adopting two axioms …
