Symmetry or Dynamic Consistency?

被引:0
|
作者
Epstein, Larry G. [1 ]
Seo, Kyoungwon [2 ]
机构
[1] Boston Univ, Boston, MA 02215 USA
[2] Northwestern Univ, Dept Managerial Econ & Decis Sci, Evanston, IL 60208 USA
来源
B E JOURNAL OF THEORETICAL ECONOMICS | 2011年 / 11卷 / 01期
关键词
ambiguity; exchangeable; dynamic consistency; symmetry; AMBIGUITY; RISK;
D O I
暂无
中图分类号
F [经济];
学科分类号
02 ;
摘要
In a setting with repeated experiments, where evidence about the experiments is symmetric, a decision-maker ranks bets (or acts) over their outcomes. We describe a stark modeling trade-off between symmetry of preference (indifference to permutations), dynamic consistency and ambiguity. Then, assuming that experiments are ordered in time, we outline an axiomatic model of preference that exhibits dynamic consistency and yet models learning under ambiguity.
引用
收藏
页数:13
相关论文
共 50 条
  • [21] CONSISTENCY OF QUANTUM COSMOLOGY FOR MODELS OF PLANE SYMMETRY
    MATSUKI, T
    BERGER, BK
    PHYSICAL REVIEW D, 1989, 39 (10): : 2875 - 2881
  • [22] Dynamic consistency in the logic of decision
    Rothfus, Gerard J.
    PHILOSOPHICAL STUDIES, 2020, 177 (12) : 3923 - 3934
  • [23] Preference for information and dynamic consistency
    Grant, S
    Kajii, A
    Polak, B
    THEORY AND DECISION, 2000, 48 (03) : 263 - 286
  • [24] Preference for Information and Dynamic Consistency
    Simon Grant
    Atsushi Kajii
    Ben Polak
    Theory and Decision, 2000, 48 : 263 - 286
  • [25] Dynamic semi-consistency
    Bade, Sophie
    GAMES AND ECONOMIC BEHAVIOR, 2022, 134 : 117 - 126
  • [26] Arc consistency for dynamic CSPs
    Mouhoub, M
    KNOWLEDGE-BASED INTELLIGENT INFORMATION AND ENGINEERING SYSTEMS, PT 1, PROCEEDINGS, 2003, 2773 : 393 - 400
  • [27] Dynamic consistency and reference points
    Segal, U
    JOURNAL OF ECONOMIC THEORY, 1997, 72 (01) : 208 - 219
  • [28] Dynamic consistency and ambiguity: A reappraisal
    Hill, Brian
    GAMES AND ECONOMIC BEHAVIOR, 2020, 120 : 289 - 310
  • [29] Process fairness and dynamic consistency
    Trautmann, Stefan T.
    Wakker, Peter P.
    ECONOMICS LETTERS, 2010, 109 (03) : 187 - 189
  • [30] Consistency and dynamic approach of indexes
    Hwang, Yan-An
    Liao, Yu-Hsien
    SOCIAL CHOICE AND WELFARE, 2010, 34 (04) : 679 - 694