Dynamic semi-consistency

Sophie Bade

Games and Economic Behavior, 2022, vol. 134, issue C, 117-126

Abstract: Semi-consistent conditional preferences are inconsistent enough for different ambiguity attitudes to manifest themselves in different behavior and consistent enough for information to be generically valuable. To simultaneously achieve these two desiderata I assume exactly one type of dynamic inconsistency: agents do not update their preferences upon learning independent randomization outcomes.

Keywords: Ambiguity aversion; Dynamic consistency; Games with incomplete information (search for similar items in EconPapers)
JEL-codes: C71 D81 D82 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eee:gamebe:v:134:y:2022:i:c:p:117-126

DOI: 10.1016/j.geb.2022.04.001

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