Mixture-betweenness: Uncertainty and commitment

• 成果类型: Article
• 署名作者: Payro, Fernando
• 署名单位: Autonomous University of Barcelona; Barcelona School of Economics
• 刊物名称: JOURNAL OF ECONOMIC THEORY
• ISSN/ISSBN: 0022-0531
• DOI: 10.1016/j.jet.2025.106097
• 发表日期: 2025
• 关键词: REPRESENTING PREFERENCES; utility; CHOICE; temptation; ambiguity; MODEL; RISK

摘要

This paper develops axiomatic models of preference under uncertainty and preference for commitment that satisfy Mixture-Betweenness, a weakening of the Independence axiom originally proposed by Chew (1989) and Dekel (1986). A central contribution of the paper is a general representation theorem that can be applied across a wide range of domains.