Temporal Resolution of Uncertainty and Dynamic Choice Theory

We consider dynamic choice behavior under conditions of uncertainty, with emphasis on the timing of the resolution of uncertainty. Choice behavior in which an individual distinguishes between lotteries based on the times at which their uncertainty resolves is axiomatized and represented, thus the re...

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Veröffentlicht in:	Econometrica 1978-01, Vol.46 (1), p.185-200
Hauptverfasser:	Kreps, David M., Porteus, Evan L.
Format:	Artikel
Sprache:	eng
Schlagworte:	Axioms Cardinal utility Decision trees Lotteries Mathematical sets Mathematical vectors Normativity Philosophical axioms Preferences Probability distribution Probability distributions Rational choice theory Utility functions
Online-Zugang:	Volltext
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