Certainty independence and the separation of utility and beliefs

DOI10.1016/j.jet.2004.01.002zbMath1080.91506OpenAlexW2073528409MaRDI QIDQ1764658

Fabio Maccheroni, Massimo Marinacci, Paolo Ghirardato

Publication date: 22 February 2005

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2004.01.002

zbMATH Keywords

Invariant biseparable preferencesCertainty independenceSeparable representations

Mathematics Subject Classification ID

Decision theory (91B06) Utility theory (91B16) Individual preferences (91B08)

Related Items

On the cardinal utility equivalence of biseparable preferences, Differentiating ambiguity and ambiguity attitude, Static and dynamic quantile preferences, Uncertainty and binary stochastic choice, Preference symmetries, partial differential equations, and functional forms for utility, Portfolio selection in quantile decision models, Coherence without additivity., Ambiguity and the Bayesian Paradigm, Rational preferences under ambiguity, Axioms for minimax regret choice correspondences, Representation and aggregation of preferences under uncertainty, Mixed extensions of decision problems under uncertainty, Eliciting beliefs, Ambiguity through confidence functions, Jensen's inequality connected with a double random good, Guessing the beliefs

Cites Work

• Ambiguity made precise: A comparative foundation
• Maxmin expected utility with non-unique prior
• Differentiating ambiguity and ambiguity attitude
• Subjective Probability and Expected Utility without Additivity
• A Definition of Uncertainty Aversion
• A Subjective Spin on Roulette Wheels
• Risk, Ambiguity, and the Separation of Utility and Beliefs
• A Definition of Subjective Probability