Decision Making under Uncertainty: A Game of Two Selves
Theoretical Economics
2020-12-15 v1 Mathematical Finance
Abstract
In this paper we characterize the niveloidal preferences that satisfy the Weak Order, Monotonicity, Archimedean, and Weak C-Independence Axioms from the point of view of an intra-personal, leader-follower game. We also show that the leader's strategy space can serve as an ambiguity aversion index.
Cite
@article{arxiv.2012.07509,
title = {Decision Making under Uncertainty: A Game of Two Selves},
author = {Jianming Xia},
journal= {arXiv preprint arXiv:2012.07509},
year = {2020}
}
Comments
28 pages