Please use this identifier to cite or link to this item: https://repositorio.insper.edu.br/handle/11224/4014
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

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