A note on stochastic independence without Savage-null events
成果类型：
Article
署名作者：
Battigalli, P; Veronesi, P
署名单位：
Harvard University
刊物名称：
JOURNAL OF ECONOMIC THEORY
ISSN/ISSBN：
0022-0531
DOI：
10.1006/jeth.1996.0083
发表日期：
1996
页码：
235-248
关键词：
摘要：
We provide two axiomatic characterizations of a stochastic independence property for conditional probability systems, previously proposed by Hammond. One characterization relies on the theory of lexicographic expected utility due to L. Blume er nl. [Econometrica 59 (1991), 61-79]; the other relies on the theory of conditional expected utility maximization due to Myerson [''Game Theory: Analysis of Conflict,'' Harvard Univ. Press, Cambridge, MA, 1991]. Journal of Economic Literature Classification Number: D81. (C) 1996 Academic Press, Inc.