Dynamic consistency and reference points

被引：6
|
作者：
Segal, U
机构：
[1] Department of Economics, University of Western Ontario, London
来源：
JOURNAL OF ECONOMIC THEORY | 1997年 / 72卷 / 01期
关键词：
D O I：
10.1006/jeth.1996.2204
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This note provides a positive answer to the following question. Is it possible to define a set of preference relations, one for each node of a decision tree, such that these preferences satisfy the reduction of compound lotteries axiom and dynamic consistency, and yet do not converge to expected utility? It is argued that updated preferences necessarily have one affine indifference curve but that other indifference curves are unrestricted. A connection is drawn to modelling ''reference points.'' (C) 1997 Academic Press.
引用
收藏
页码：208 / 219
页数：12
相关论文
共 50 条
  • [21] Consistency Between Two Sets of Reference Values for Static and Dynamic Lung Volumes in Children
    Taytard, Jessica
    Dufetelle, Edouard
    Beydon, Nicole
    ACTA PHYSIOLOGICA, 2018, 224
  • [22] Character of temporal variability in stock productivity influences the utility of dynamic reference points
    Berger, Aaron M.
    FISHERIES RESEARCH, 2019, 217 : 185 - 197
  • [23] Peterman's productivity method for estimating dynamic reference points in changing ecosystems
    Silvar-Viladomiu, Paula
    Minto, Coilin
    Brophy, Deirdre
    Reid, David G.
    ICES JOURNAL OF MARINE SCIENCE, 2022, 79 (04) : 1034 - 1047
  • [24] Internal consistency of reference equations
    Quanjer, P. H.
    Stocks, J.
    Stanojevic, S.
    EUROPEAN RESPIRATORY JOURNAL, 2011, 38 (01) : 234 - 235
  • [25] ALTERED POINTS OF REFERENCE
    HOLMES, M
    NATURE, 1986, 323 (6086) : 359 - 360
  • [26] Contracts as reference points
    Hart, Oliver
    Moore, John
    QUARTERLY JOURNAL OF ECONOMICS, 2008, 123 (01): : 1 - 48
  • [27] Goals as reference points
    Heath, C
    Larrick, RP
    Wu, G
    COGNITIVE PSYCHOLOGY, 1999, 38 (01) : 79 - 109
  • [28] SOCIAL REFERENCE POINTS
    HOLYOAK, KJ
    GORDON, PC
    JOURNAL OF PERSONALITY AND SOCIAL PSYCHOLOGY, 1983, 44 (05) : 881 - 887
  • [29] COGNITIVE REFERENCE POINTS
    ROSCH, E
    COGNITIVE PSYCHOLOGY, 1975, 7 (04) : 532 - 547
  • [30] Reference points and learning?
    Beggs, Alan
    JOURNAL OF MATHEMATICAL ECONOMICS, 2022, 100
12345