eprintid: 9838
rev_number: 40
eprint_status: archive
userid: 1
dir: disk0/00/00/98/38
datestamp: 2009-09-21 10:46:58
lastmod: 2015-12-30 08:36:28
status_changed: 2012-08-14 15:30:45
type: workingPaper
metadata_visibility: show
creators_name: Dominiak, Adam
creators_name: Lefort, Jean-Philippe
title: Unambiguous Events and Dynamic Choquet Preferences
ispublished: pub
subjects: 330
divisions: 181000
keywords: Choquet expected utility , unambiguous events , filtration , updating , dynamic consistency, consequentialism
abstract: 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).
abstract_translated_lang: eng
class_scheme: jel
class_labels: D81
date: 2009
date_type: published
id_scheme: DOI
id_number: 10.11588/heidok.00009838
schriftenreihe_cluster_id: sr-3
schriftenreihe_order: 0489
ppn_swb: 1648427618
own_urn: urn:nbn:de:bsz:16-opus-98382
language: eng
bibsort: DOMINIAKADUNAMBIGUOU2009
full_text_status: public
citation:   Dominiak, Adam ; Lefort, Jean-Philippe  (2009) Unambiguous Events and Dynamic Choquet Preferences.  [Working paper]     
document_url: https://archiv.ub.uni-heidelberg.de/volltextserver/9838/1/Dominiak_Lefort_2009_dp489.pdf