MISC

基本情報

氏名 堀江 真由美
氏名(カナ) ホリエ マユミ
氏名(英語) Mayumi Horie
所属 広島経済大学 経済学部 経済
職名 教授
researchmap研究者コード B000345677
researchmap機関 広島経済大学

題名

Cardinal Utility Representation Separating Ambiguous Beliefs from Preferences

単著・共著の別

単著

著者

Mayumi Horie

担当区分

概要

This paper proposes the weaker axioms which admit a cardinal utility representation under ambiguity separating ambiguous beliefs from preferences in a purely subjective setting. The representation is obtained in an implicit form, which corresponds to the disappointment aversion utility (Gul, 1991) with respect to a non-additive measure in place of a probability measure. It includes all the properties of cardinality, ambiguity aversion, reference dependency, gain/loss asymmetry, and the distortion in probability evaluations. It enables us to capture varying attitude toward ambiguity such as Machina's examples (2009, 2014) in the simplest way.

発表雑誌等の名称

KIER Discussion Paper Series

出版者

Institute of Economic Research, Kyoto University

No.972

開始ページ

終了ページ

発行又は発表の年月

2017/04