Temporal Resolution of Uncertainty and Recursive Non-Expected Utility Models
AbstractIf an agent (wealkly) prefers early resolution of uncertainty then the recursive forms of both the most commonly used non-expected utility models, betweenness and rank dependence, almost reduce to Kreps & Porteus's (1978) recurvise expected utility.
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Bibliographic InfoArticle provided by Econometric Society in its journal Econometrica.
Volume (Year): 68 (2000)
Issue (Month): 2 (March)
Other versions of this item:
- Grant, S & Kajii, A & Polak, B, 1997. "Temporal Resolution of Uncertainty and Recursive Non-Expected Utility Models," Papers 324, Australian National University - Department of Economics.
- D8 - Microeconomics - - Information, Knowledge, and Uncertainty
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