On the nonexistence of Blackwell's theorem-type results with general preference relations

DOI10.1007/BF01207550MaRDI QIDQ1907992zbMATH OpenOpenAlexWikidataFDO

Authors Zvi Safra, Eyal Sulganik

Publication date 28 February 1996

Published in Journal of Risk and Uncertainty (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/bf01207550

zbMATH Keywords

value of informationnonexpected utility preferencesBlackwell's Theoremexpected utility decision maker

Mathematics Subject Classification ID

Decision theory (91B06) Economics of information (91B44)

Recommendations

• An elementary proof of Blackwell's theorem
• Two Remarks on Blackwell's Theorem
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• Blackwell's informativeness ranking with uncertainty-averse preferences
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Cites work

• scientific article; zbMATH DE number 50042 (Why is no real title available?)
• Ascending bid auctions with behaviorally consistent bidders
• Behaviorally consistent optimal stopping rules
• Dynamic consistency implies approximately expected utility preferences
• Equivalent Comparisons of Experiments
• Generalized Gini inequality indices
• Smooth Preferences
• The Dual Theory of Choice under Risk
• The Ellsberg Paradox and Risk Aversion: An Anticipated Utility Approach
• The Structure of Preferences and Attitudess towards the Timing of the Resolution of Uncertainty
• The value of perfect information in nonlinear utility theory
• Two-Stage Lotteries without the Reduction Axiom

Cited in

(13)

• Informativeness of experiments for MEU
• Erratum to: ``Sufficiency in Blackwell's theorem [Math. Social Sci. 46(1) (2003) 21-25]
• Two Remarks on Blackwell's Theorem
• Intrinsic preference for information
• Sufficiency in Blackwell's theorem.
• Don't look now
• What restrictions do Bayesian games impose on the value of information?
• Preference for knowledge
• The value of information in production economies
• Blackwell's informativeness ranking with uncertainty-averse preferences
• Blackwell's informativeness theorem using diagrams
• Can anticipatory feelings explain anomalous choices of information sources?
• Hybrid decision model and the ranking of experiments

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