Atemporal dynamic consistency and expected utility theory (Q1176685): Difference between revisions
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| Property / cites work: Consequentialist foundations for expected utility / rank | |||
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| Property / cites work: Q3820322 / rank | |||
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| Property / cites work: Dynamic Consistency, Revelations in Auctions and the Structure of Preferences / rank | |||
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| Property / cites work: Ascending bid auctions with behaviorally consistent bidders / rank | |||
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| Property / cites work: Two-Stage Lotteries without the Reduction Axiom / rank | |||
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Revision as of 09:57, 15 May 2024
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Atemporal dynamic consistency and expected utility theory |
scientific article |
Statements
Atemporal dynamic consistency and expected utility theory (English)
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25 June 1992
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It is shown that a preference relation defined on the set of conditional lotteries that satisfies consequentialism and the axiom of reduction of compound lotteries, satisfies the independence axiom of expected utility theory if and only if it satisfies dynamic consistency.
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compound lotteries
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independence axiom
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dynamic consistency
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