Neo-additive capacities and updating

Arbeitspapier

This paper shows that, for CEU preferences, the axioms consquentialism, state independence and conditional certainty equivalent consistency under updating characterise a family of capacities, called Genralised Neo-Additive Capacities (GNAC). This family contains as special cases among others neo-additive capacities as introduced by Chateauneuf, Eichberger, and Grant(2007), Hurwicz capacities, and ε-contaminations. Moreover, we will show that the convex version of a GNAC is the only capacity for which the core of the Full-Bayesian Updates of a capacity, introduced by Jaffray (1992), equals the set of Bayesian updates of the probability distributions in the core of the original capacity.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Discussion Paper Series ; No. 490

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Criteria for Decision-Making under Risk and Uncertainty ; Asymmetric and Private Information; Mechanism Design
• Thema: Ambiguity ; Updating ; Choquet Expected Utility ; neo-additive capacities ; Conditional Certainty Equivalent Consistency ; Entscheidung unter Unsicherheit ; Erwartungsnutzen ; Theorie

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Eichberger, Jürgen ; Grant, Simon ; Lefort, Jean-Philippe
• Ereignis: Veröffentlichung
• (wer): University of Heidelberg, Department of Economics
• (wo): Heidelberg
• (wann): 2009

Weitere Informationen

• DOI: doi:10.11588/heidok.00009980
• Handle: http://hdl.handle.net/10419/127396
• URN: urn:nbn:de:bsz:16-opus-99800
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ