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Temporal Resolution of Uncertainty and Recursive Non‐expected Utility Models
Author(s) -
Grant Simon,
Kajii Atsushi,
Polak Ben
Publication year - 2000
Publication title -
econometrica
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 16.7
H-Index - 199
eISSN - 1468-0262
pISSN - 0012-9682
DOI - 10.1111/1468-0262.00116
Subject(s) - citation , library science , generalization , operations research , mathematical economics , political science , economics , sociology , computer science , mathematics , mathematical analysis
If an agent (weakly) prefers early resolution of uncertainty then the recursive forms of both the most commonly used non-expected utility models, betweenness and rank dependence, almost reduce to Kreps & Porteus's (1978) recursive expected utility.
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