Grant, Simon; Eichberger, Jürgen; Kelsey, David - Sonderforschungsbereich 504 "Rationalitätskonzepte, …; … - 2004
This paper investigates the dynamic consistency of CEU preferences. A decision maker is faced with an information structure represented by a fixed filtration. If beliefs are represented by a convex capacity, we show that a necessary and sufficient condition for dynamic consistency is that...