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- Mark J Machina
- Department of Economics, University of California, San Diego, 9500 Gilman Drive, La Jolla, California 92093.
書誌事項
- 公開日
- 2009-02-01
- DOI
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- 10.1257/aer.99.1.385
- 公開者
- American Economic Association
この論文をさがす
説明
<jats:p> Choice problems in the spirit of Ellsberg (1961) suggest that rank-dependent (“Choquet expected utility”) preferences over subjective gambles might be subject to the same difficulties that Ellsberg's earlier examples posed for subjective expected utility. These difficulties stem from event-separability properties that rank-dependent preferences partially retain from expected utility, and suggest that nonseparable models of preferences might be better at capturing features of behavior that lead to these paradoxes. (JEL D81) </jats:p>
収録刊行物
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- American Economic Review
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American Economic Review 99 (1), 385-392, 2009-02-01
American Economic Association
