Continuity and completeness under risk

Files in this item
Name:
working_paper_um_cee_2010_04.pdf
Size:
364.4Kb
Format:
PDF
URI
https://hdl.handle.net/20.500.12806/1301
Compartir
Exportar citas
Exportar a Mendeley
Estadísticas
Author
Editor
Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía
Date
2010
Extensión
3 p.
Abstract
Suppose some non-degenerate preferences R, 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, either pRq or qRp.
Palabras claves
Tipo
Documento de trabajo
Derechos
Abierto
Versión
Publicada
En
Documentos de trabajo del Departamento de Economía; UM_CEE_2010_04
Collections
Show full item record

The following license files are associated with this item:

Attribution-NonCommercial-NoDerivatives 4.0 Internacional
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivatives 4.0 Internacional