Incomplete preferences on conditional random quantities: Representability by conditional previsions

Barbara Vantaggi

Mathematical Social Sciences, 2010, vol. 60, issue 2, 104-112

Abstract: We study "partial" preference relations, defined on an arbitrary set of conditional bounded random quantities: we provide a condition of rationality (interpretable in terms of betting scheme) characterizing preference relations representable by a conditional expectation. Moreover, we study the problem of extending a rational preference relation.

Keywords: Preference; relations; Completeness; Fair; price; Rationality; Conditional; expectation; Book-making; principle (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:matsoc:v:60:y:2010:i:2:p:104-112

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