Representing preferences with a unique subjective state space: A corrigendum
成果类型:
Article
署名作者:
Dekel, Eddie; Lipman, Barton L.; Rustichini, Aldo; Sarver, Todd
署名单位:
Northwestern University; Tel Aviv University; Boston University; University of Minnesota System; University of Minnesota Twin Cities
刊物名称:
ECONOMETRICA
ISSN/ISSBN:
0012-9682
DOI:
10.1111/j.1468-0262.2006.00759.x
发表日期:
2007
页码:
591-600
关键词:
摘要:
Dekel, Lipman and Rustichini (2001) (henceforth DER) axiomatically characterized three representations of preferences that allow for a desire for flexibility and/or commitment. In one of these representations (ordinal expected utility), the independence axiom is stated in a weaker form than is necessary to obtain the representation; in another (additive expected utility), the continuity axiom is too weak. In this erratum we provide examples showing that the axioms used by DLR are not sufficient, and provide stronger versions of these axioms that, together with the other axioms used by DLR, are necessary and sufficient for these two representations.
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