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A Note on Bossert, Pattanaik and Xu’s “Choice Under Complete Uncertainty: Axiomatic Characterization of Some Decision Rules”

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Author Info
Ritxar Arlegi () (Departamento de Economía-UPNA)
Abstract

Recent work by Bossert, Pattanaik and Xu provides axiomatic characterizations ofs ome decision rules for individual decision making under complete uncertainty. This note shows that, in the case oft wo of these rules, they do not satisfy one of the axioms used for their characterization. A counterexample illustrating this fact is provided, as well as an alternative way to characterize the two rules under consideration, mantaining as far as possible the original axioms proposed by Bossert, Pattanaik and Xu.

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File URL: ftp://ftp.econ.unavarra.es/pub/DocumentosTrab/DT0202.PDF
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Publisher Info
Paper provided by Departamento de Economía - Universidad Pública de Navarra in its series Documentos de Trabajo - Lan Gaiak Departamento de Economía - Universidad Pública de Navarra with number 0202.

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Length: 12 pages
Date of creation: 2002
Date of revision:
Publication status: Published in
Handle: RePEc:nav:ecupna:0202

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Related research
Keywords: Complete uncertainty. Nonprobabilistic Decision Rules;

Find related papers by JEL classification:
D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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This page was last updated on 2009-12-24.


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