Dynamic consistency, consequentialism and reduction of compound lotteries

DOI10.1016/0165-1765(94)90006-XzbMath0818.90030OpenAlexW2027656680MaRDI QIDQ1342677

Oscar Volij

Publication date: 17 August 1995

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0165-1765(94)90006-x

zbMATH Keywords

independence axiomdynamic consistencyone-stage decision problems

Mathematics Subject Classification ID

Utility theory (91B16)

Related Items (4)

A dynamic Ellsberg urn experiment ⋮ Sequential decision making without independence: a new conceptual approach ⋮ Dynamic decision making: what do people do? ⋮ Solution concepts for games with ambiguous payoffs

Cites Work

• Unnamed Item
• Equilibrium without independence
• Consequentialist foundations for expected utility
• Atemporal dynamic consistency and expected utility theory
• Existence and dynamic consistency of Nash equilibrium with non-expected utility preferences
• Delayed agreements and nonexpected utility
• "Making Book Against Oneself," The Independence Axiom, and Nonlinear Utility Theory

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