| Autor: |
Ivanenko, Yaroslav, Pasichnichenko, Illia |
| Předmět: |
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| Zdroj: |
Risk & Decision Analysis; 2014, Vol. 5 Issue 2/3, p139-148, 10p |
| Abstrakt: |
In this paper uncertainty is defined as non-uniqueness of projection of a preference on consequences onto the set of preferences on acts in a choice problem. Such definition of uncertainty seems natural, but it is not very well known despite being compatible with M. Allais principle of internal coherence [Econometrica 21(4) (1953), 503-546]. It is shown that absence of arbitrage opportunity, in the sense of the Arrow-Debreu model of securities market with a risk-less asset, represents an example and a particular case of existence of uncertainty, defined in the above sense. [ABSTRACT FROM AUTHOR] |
| Databáze: |
Complementary Index |
| Externí odkaz: |
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