Choquet 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 (1999). Adopting two axioms, conditional …

Choquet 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 (1999). Adopting two axioms, conditional …