Familiarity breeds completeness

Edi Karni

Economic Theory, 2014, vol. 56, issue 1, 109-124

Abstract: This is a study of the representations of subjective expected utility preferences that admit state-dependent incompleteness, and subjective expected utility preferences displaying non-comparability of acts from distinct sources. The notions familiar events and sources are defined and characterized. The relation greater familiarity on sources and increasing familiarity of a source are also defined and characterized. Copyright Springer-Verlag Berlin Heidelberg 2014

Keywords: Incomplete preferences; Source familiarity; Event familiarity; State-dependent incomplete preferences; D81 (search for similar items in EconPapers)
Date: 2014
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DOI: 10.1007/s00199-013-0777-8

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