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| Type: | Artigo Científico |
| Title: | Dynamic objective and subjective rationality |
| Author: | Faro, José Heleno Lefort, Jean Philippe |
| Publication Date: | 2019 |
| Original Abstract: | 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. |
| Keywords in original language : | Dynamic consistency full Bayesian updating incomplete preferences objective rationality subjective rationality maxmin expected utility multiple prios |
| Language: | Inglês |
| CNPq Area: | Ciências Sociais Aplicadas |
| URI: | https://onlinelibrary.wiley.com/doi/pdf/10.3982/TE2122 |
| Copyright: | O INSPER E ESTE REPOSITÓRIO NÃO DETÊM OS DIREITOS DE USO E REPRODUÇÃO DOS CONTEÚDOS AQUI REGISTRADOS. É RESPONSABILIDADE DOS USUÁRIOS INDIVIDUAIS VERIFICAR OS USOS PERMITIDOS NA FONTE ORIGINAL, RESPEITANDO-SE OS DIREITOS DE AUTOR OU EDITOR |
| Notes: | Trabalho também apresentado em evento disponível em: https://repositorio.insper.edu.br/handle/11224/4013. Acesso em: 16.08.2022 |
| Appears in Collections: | Coleção de Artigos Científicos |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| R_Artigo_2019_Dynamic objective and subjective rationality_TC.pdf | R_Artigo_2019_Dynamic objective and subjective rationality_TC | 123.9 kB | Adobe PDF | View/Open |
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