Dynamic objective and subjective rationality
Autores
Lefort, Jean Philippe
Orientador
Co-orientadores
Citações na Scopus
Tipo de documento
Artigo Científico
Data
2019
Resumo
We characterize prior-by-prior Bayesian updating using a model proposed by Gilboa, Maccheroni, Marinacci, and Schmeidler (2010) that jointly considers objective and subjective rationality. These rationality concepts are subject to the Be wley unanimity rule and maxmin expected utility, respectively, with a common set of priors and the same utility over consequences. We use this setup with two preference relations to develop a novel rationale for full Bayesian updating of maxmin expected utility preferences.
Palavras-chave
Dynamic consistency; full Bayesian updating; incomplete preferences; objective rationality; subjective rationality; maxmin expected utility; multiple prios
Vínculo institucional
Titulo de periódico
Theoretical Economics
Título de Livro
URL na Scopus
Idioma
Inglês
Notas
Membros da banca
Área do Conhecimento CNPQ
Ciências Sociais Aplicadas