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Universal interactive preferences

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  • Ganguli, J
  • Heifetz, A

Abstract

We prove that a universal preference type space exists under much more general conditions than those postulated by Epstein and Wang (1996). To wit, it is enough that preferences can be encoded by a countable collection of continuous functionals, while the preferences themselves need not necessarily be continuous or regular, like, e.g., in the case of lexicographic preferences. The proof relies on a far-reaching generalization of a method developed by Heifetz and Samet (1998).

Suggested Citation

  • Ganguli, J & Heifetz, A, 2012. "Universal interactive preferences," Economics Discussion Papers 5629, University of Essex, Department of Economics.
    • Handle: RePEc:esx:essedp:5629
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    Cited by:

    1. Bergemann, Dirk & Morris, Stephen & Takahashi, Satoru, 2017. "Interdependent preferences and strategic distinguishability," Journal of Economic Theory, Elsevier, vol. 168(C), pages 329-371.
    2. Willemien Kets, 2012. "Bounded Reasoning and Higher-Order Uncertainty," Discussion Papers 1547, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    3. Galeazzi, Paolo & Marti, Johannes, 2023. "Choice structures in games," Games and Economic Behavior, Elsevier, vol. 140(C), pages 431-455.
    4. Dekel, Eddie & Siniscalchi, Marciano, 2015. "Epistemic Game Theory," Handbook of Game Theory with Economic Applications,, Elsevier.

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    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General

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