updating ambiguous beliefs;
full Bayesian updating;
choquet expected utility;
D O I:
10.1016/j.jmateco.2007.04.005
中图分类号:
F [经济];
学科分类号:
02 ;
摘要:
We apply Pires's coherence property between unconditional and conditional preferences that admit a CEU representation. In conjunction with consequential ism (only those outcomes on states which are still possible can matter for conditional preference) this implies that the conditional preference may be obtained from the unconditional preference by taking the Full Bayesian Update of the capacity. (C) 2007 Elsevier B.V. All rights reserved.