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A Class of Incomplete and Ambiguity Averse Preferences

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Author Info
Leandro Nascimento
Gil Riella

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Abstract

This paper characterizes ambiguity averse preferences in the absence of the completeness axiom. We axiomatize multiple selves versions of some of the most important examples of complete and ambiguity averse preferences, and characterize when those incomplete preferences are ambiguity averse.

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File URL: http://www.bcb.gov.br/pec/wps/ingl/wps180.pdf
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Publisher Info
Paper provided by Central Bank of Brazil, Research Department in its series Working Papers Series with number 180.

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Date of creation: Jan 2009
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Handle: RePEc:bcb:wpaper:180

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Web page: http://www.bcb.gov.br/?english

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