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 …

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 …

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 …

Many theories of updating under ambiguity assume either dynamic consistency or consequentialism to underpin …

’s paradox) with dynamic consistency for all non-null events. Updating takes the form of applying Bayes’ rule to subsets of the …

Dynamic consistency leads to Bayesian updating under expected utility. We ask what it implies for the updating of more … characterize dynamically consistent updating for two important models of ambiguity averse preferences: the ambiguity averse smooth …