Negative certainty independence without betweenness
| Autor: | Selman Erol, David Dillenberger |
|---|---|
| Rok vydání: | 2013 |
| Předmět: |
Economics and Econometrics
Class (set theory) Welfare economics media_common.quotation_subject Negative certainty independence Certainty Certainty effect Betweenness Monotone polygon Betweenness centrality Simple (abstract algebra) Preferences under risk Independence (mathematical logic) Preference (economics) Mathematical economics Finance Mathematics media_common |
| Zdroj: | Economics Letters. 120:596-598 |
| ISSN: | 0165-1765 |
| DOI: | 10.1016/j.econlet.2013.06.010 |
| Popis: | Dillenberger (2010) introduced the negative certainty independence (NCI) axiom, which captures the certainty effect phenomenon. He left open the question of whether there are continuous and monotone preference relations over simple lotteries that satisfy NCI but do not belong to the betweenness class of preferences considered by Chew (1989) and Dekel (1986) . We answer this question in the affirmative. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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