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Dynamic semi-consistency

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  • Bade, Sophie

Abstract

Semi-consistent conditional preferences are inconsistent enough for different ambiguity attitudes to manifest themselves in different behavior and consistent enough for information to be generically valuable. To simultaneously achieve these two desiderata I assume exactly one type of dynamic inconsistency: agents do not update their preferences upon learning independent randomization outcomes.

Suggested Citation

  • Bade, Sophie, 2022. "Dynamic semi-consistency," Games and Economic Behavior, Elsevier, vol. 134(C), pages 117-126.
    • Handle: RePEc:eee:gamebe:v:134:y:2022:i:c:p:117-126
    DOI: 10.1016/j.geb.2022.04.001
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    More about this item

    Keywords

    Ambiguity aversion; Dynamic consistency; Games with incomplete information;
    All these keywords.

    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

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