Showing 1 - 7 of 7
Persistent link: https://www.econbiz.de/10001708073
Persistent link: https://www.econbiz.de/10001961985
Persistent link: https://www.econbiz.de/10001574959
Persistent link: https://www.econbiz.de/10001577458
Persistent link: https://www.econbiz.de/10001562604
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/10014076191
We study axiomatically the problem of obtaining an expected utility representation for a potentially incomplete preference relation over lotteries by means of a set of von Neumann-Morgenstern utility functions. It is shown that, when the prize space is a compact metric space, a preference...
Persistent link: https://www.econbiz.de/10014076197