title: Unambiguous Events and Dynamic Choquet Preferences
creator: Dominiak, Adam
creator: Lefort, Jean-Philippe
subject: 330
subject: 330 Economics
description: This paper explores the relationship between dynamic consistency and the existing notions of unambiguous events for Choquet expected utility preferences. A decision maker is faced with an information structure represented by a filtration. We show that the decision maker's preferences respect dynamic consistency on a fixed filtration if and only if the last stage of the filtration is composed of unambiguous events in the sense of Nehring (1999). Adopting two axioms, conditional certainty equivalence consistency and constrained dynamic consistency to filtration measurable acts, it is shown that the decision maker respects these two axioms on a fixed filtration if and only if the last stage of the filtration is made up of unambiguous events the sense of Zhang (2002).
date: 2009
type: Working paper
type: info:eu-repo/semantics/workingPaper
type: NonPeerReviewed
format: application/pdf
identifier: https://archiv.ub.uni-heidelberg.de/volltextserverhttps://archiv.ub.uni-heidelberg.de/volltextserver/9838/1/Dominiak_Lefort_2009_dp489.pdf
identifier: DOI:10.11588/heidok.00009838
identifier: urn:nbn:de:bsz:16-opus-98382
identifier:   Dominiak, Adam ; Lefort, Jean-Philippe  (2009) Unambiguous Events and Dynamic Choquet Preferences.  [Working paper]     
relation: https://archiv.ub.uni-heidelberg.de/volltextserver/9838/
rights: info:eu-repo/semantics/openAccess
rights: http://archiv.ub.uni-heidelberg.de/volltextserver/help/license_urhg.html
language: eng