Continuity and completeness under risk
نویسندگان
چکیده
منابع مشابه
Continuity and completeness under risk
Suppose somenon-degenerate preferencesR, 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)rPq. Complete: for all p, q, eit...
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ژورنال
عنوان ژورنال: Mathematical Social Sciences
سال: 2011
ISSN: 0165-4896
DOI: 10.1016/j.mathsocsci.2010.11.001