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Many theories of updating under ambiguity assume either dynamic consistency or consequentialism to underpin … consequentialism than with dynamic consistency and that this result is even stronger among ambiguity averse subjects. …
Persistent link: https://www.econbiz.de/10011049819
Two rationality arguments are used to justify the link between conditional and unconditional preferences in decision theory : dynamic consistency and consequentialism. Dynamic consistency requires that ex ante contingent choices are respected by up dated preferences. Consequentialism states that...
Persistent link: https://www.econbiz.de/10011071929
Many theories of updating under ambiguity assume either dynamic consistency or consequentialism to underpin … consequentialism than with dynamic consistency and that this result is even stronger among ambiguity averse subjects. …
Persistent link: https://www.econbiz.de/10011073068
Finetti Theorem for this framework. A model of updating is also provided. …
Persistent link: https://www.econbiz.de/10008599642
Finetti Theorem for this framework. A model of updating is also provided. …
Persistent link: https://www.econbiz.de/10011599431
Two rationality arguments are used to justify the link between conditional and unconditional preferences in decision theory: dynamic consistency and consequentialism. Dynamic consistency requires that ex ante contingent choices are respected by updated preferences. Consequentialism states that...
Persistent link: https://www.econbiz.de/10011422198
equivalent consistency under updating characterise a family of capacities, called Genralised Neo-Additive Capacities (GNAC). This …
Persistent link: https://www.econbiz.de/10011422288
Two rationality arguments are used to justify the link between conditional and unconditional preferences in decision theory: dynamic consistency and consequentialism. Dynamic consistency requires that ex ante contingent choices are respected by updated preferences. Consequentialism states that...
Persistent link: https://www.econbiz.de/10008503257
We study the updating of beliefs under ambiguity for invariant biseparable preferences. In particular, we show that a … natural form of dynamic consistency characterizes the Bayesian updating of these beliefs. …
Persistent link: https://www.econbiz.de/10005405560
Finetti Theorem for this framework. A model of updating is also provided. …
Persistent link: https://www.econbiz.de/10011695312