Representation of conditional preferences under uncertainty

نویسنده

  • Geir B. Asheim
چکیده

This paper presents axioms for systems of conditional preferences and provides representation results for these systems. It reports on a new way of representing a system of conditional preferences, by means of a system of conditional lexicographic probabilities (SCLP) (cf. Asheim and Perea, Games and Economic Behavior, forthcoming). An SCLP ensures well-defined conditional beliefs representing nontrivial conditional preferences, while allowing for flexibility w.r.t. whether to assume preference for cautious behavior.

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تاریخ انتشار 2005