Continuity and completeness under risk

被引:21
作者
Dubra, Juan [1 ]
机构
[1] Univ Montevideo, Montevideo, Uruguay
关键词
Incomplete preferences; Independence axiom; Archimedean property;
D O I
10.1016/j.mathsocsci.2010.11.001
中图分类号
F [经济];
学科分类号
02 ;
摘要
Suppose some non-degenerate preferences R, with strict part P. over risky outcomes satisfy Independence. Then, when they satisfy any two of the following axioms, they satisfy the third. Herstein-Milnor: for all lotteries p, q. r, the set of a's for which ap + (1 - a)qRr is closed. Archimedean: for all p, q, r there exists a > 0 such that if pPq, then ap + (1 - a)rPg. Complete: for all p, q, either pRq or qRp. (C) 2010 Elsevier B.V. All rights reserved.
引用
收藏
页码:80 / 81
页数:2
相关论文
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[2]  
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[3]  
KARNI E, 2007, MATH SOCIAL SCI, V53
[4]  
Schmeidler D., 1971, ECONOMETRICA, V39