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The sure thing principle and the value of information

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  • Edward SchleeE

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  • Edward SchleeE, 1997. "The sure thing principle and the value of information," Theory and Decision, Springer, vol. 42(1), pages 21-36, January.
    • Handle: RePEc:kap:theord:v:42:y:1997:i:1:p:21-36
    DOI: 10.1023/A:1004934730665
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    References listed on IDEAS

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    1. Simon Grant & Atsushi Kajii & Ben Polak, 1996. "Preference for Information," Cowles Foundation Discussion Papers 1114, Cowles Foundation for Research in Economics, Yale University.
    2. Peter Fishburn & Peter Wakker, 1995. "The Invention of the Independence Condition for Preferences," Management Science, INFORMS, vol. 41(7), pages 1130-1144, July.
    3. Hilton, Ronald W., 1990. "Failure of Blackwell's Theorem under Machina's generalization of expected-utility analysis without the independence axiom," Journal of Economic Behavior & Organization, Elsevier, vol. 13(2), pages 233-244, March.
    4. Gilboa, Itzhak, 1987. "Expected utility with purely subjective non-additive probabilities," Journal of Mathematical Economics, Elsevier, vol. 16(1), pages 65-88, February.
    5. Hammond, P.J. & , ., 1987. "Consequentialist foundations for expected utility," LIDAM Discussion Papers CORE 1987016, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    6. Epstein Larry G. & Le Breton Michel, 1993. "Dynamically Consistent Beliefs Must Be Bayesian," Journal of Economic Theory, Elsevier, vol. 61(1), pages 1-22, October.
    7. Green, Edward J. & Park, In-Uck, 1996. "Bayes contingent plans," Journal of Economic Behavior & Organization, Elsevier, vol. 31(2), pages 225-236, November.
    8. Kelsey, David, 1995. "Dutch Books Arguments and Learning in a Nonexpected Utility Framework," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 36(1), pages 187-206, February.
    9. Schlee, Edward, 1990. "The Value of Information in Anticipated Utility Theory," Journal of Risk and Uncertainty, Springer, vol. 3(1), pages 83-92, March.
    10. Machina, Mark J, 1989. "Dynamic Consistency and Non-expected Utility Models of Choice under Uncertainty," Journal of Economic Literature, American Economic Association, vol. 27(4), pages 1622-1668, December.
    11. Border Kim C. & Segal Uzi, 1994. "Dynamic Consistency Implies Approximately Expected Utility Preferences," Journal of Economic Theory, Elsevier, vol. 63(2), pages 170-188, August.
    12. Karni, Edi & Schmeidler, David, 1991. "Atemporal dynamic consistency and expected utility theory," Journal of Economic Theory, Elsevier, vol. 54(2), pages 401-408, August.
    13. Karni Edi, 1993. "Subjective Expected Utility Theory with State-Dependent Preferences," Journal of Economic Theory, Elsevier, vol. 60(2), pages 428-438, August.
    14. Paul Newman, D., 1980. "Prospect theory: Implications for information evaluation," Accounting, Organizations and Society, Elsevier, vol. 5(2), pages 217-230, April.
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    Cited by:

    1. Grant, Simon & Kajii, Atsushi & Polak, Ben, 2000. "Decomposable Choice under Uncertainty," Journal of Economic Theory, Elsevier, vol. 92(2), pages 169-197, June.
    2. Alfred Müller & Marco Scarsini, 2002. "Even Risk-Averters may Love Risk," Theory and Decision, Springer, vol. 52(1), pages 81-99, February.

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