Dynamically consistent preferences under imprecise probabilistic information
Riedel F, Tallon J-M, Vergopoulos V (2017) Center for Mathematical Economics Working Papers; 573.
Bielefeld: Center for Mathematical Economics.
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| Veröffentlicht | Englisch
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Autor*in
Riedel, FrankUniBi
;
Tallon, Jean-Marc;
Vergopoulos, Vassili
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Abstract / Bemerkung
This paper extends decision theory under imprecise probabilistic information to dynamic settings. We explore the relationship between the given objective probabilistic
information, an agent's subjective multiple priors, and updating. Dynamic consistency implies rectangular sets of priors at the subjective level. As the objective probabilistic information need not be consistent with rectangularity at the subjective level, agents might select priors outside the objective probabilistic information while respecting the support of the given set of priors. Under suitable additional axioms, the subjective set of priors belongs to the rectangular hull of the objective probabilistic information.
Stichworte
Imprecise information;
imprecision aversion;
multiple priors;
dynamic consistency
Erscheinungsjahr
2017
Serientitel
Center for Mathematical Economics Working Papers
Band
573
ISSN
0931-6558
Page URI
https://pub.uni-bielefeld.de/record/2910581
Zitieren
Riedel F, Tallon J-M, Vergopoulos V. Dynamically consistent preferences under imprecise probabilistic information. Center for Mathematical Economics Working Papers. Vol 573. Bielefeld: Center for Mathematical Economics; 2017.
Riedel, F., Tallon, J. - M., & Vergopoulos, V. (2017). Dynamically consistent preferences under imprecise probabilistic information (Center for Mathematical Economics Working Papers, 573). Bielefeld: Center for Mathematical Economics.
Riedel, Frank, Tallon, Jean-Marc, and Vergopoulos, Vassili. 2017. Dynamically consistent preferences under imprecise probabilistic information. Vol. 573. Center for Mathematical Economics Working Papers. Bielefeld: Center for Mathematical Economics.
Riedel, F., Tallon, J. - M., and Vergopoulos, V. (2017). Dynamically consistent preferences under imprecise probabilistic information. Center for Mathematical Economics Working Papers, 573, Bielefeld: Center for Mathematical Economics.
Riedel, F., Tallon, J.-M., & Vergopoulos, V., 2017. Dynamically consistent preferences under imprecise probabilistic information, Center for Mathematical Economics Working Papers, no.573, Bielefeld: Center for Mathematical Economics.
F. Riedel, J.-M. Tallon, and V. Vergopoulos, Dynamically consistent preferences under imprecise probabilistic information, Center for Mathematical Economics Working Papers, vol. 573, Bielefeld: Center for Mathematical Economics, 2017.
Riedel, F., Tallon, J.-M., Vergopoulos, V.: Dynamically consistent preferences under imprecise probabilistic information. Center for Mathematical Economics Working Papers, 573. Center for Mathematical Economics, Bielefeld (2017).
Riedel, Frank, Tallon, Jean-Marc, and Vergopoulos, Vassili. Dynamically consistent preferences under imprecise probabilistic information. Bielefeld: Center for Mathematical Economics, 2017. Center for Mathematical Economics Working Papers. 573.
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2019-09-06T09:18:48Z
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