Temporal Resolution of Uncertainty and Recursive Non-Expected Utility Models

Simon Grant, Atsushi Kajii and B Polak

Working Papers from Australian National University - Department of Economics

Abstract: If an agent (wealkly) prefers early resolution of uncertainty then the recursive forms of both the most commonly used non-expected utility models, betweenness and rank dependence, almost reduce to Kreps & Porteus's (1978) recurvise expected utility.

Keywords: INFORMATION; UNCERTAINTY (search for similar items in EconPapers)
JEL-codes: D8 (search for similar items in EconPapers)
Pages: 14 pages
Date: 1997
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Citations: View citations in EconPapers (4)

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Journal Article: Temporal Resolution of Uncertainty and Recursive Non-Expected Utility Models (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:aunaec:324

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