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On the continuity of expected utility

Erik J. Balder and Nicholas C. Yannelis
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Erik J. Balder: University of Utrecht
Nicholas C. Yannelis: University of Illinois

A chapter in Differential Information Economies, 2005, pp 105-124 from Springer

Abstract: Summary We provide necessary and sufficient conditions for weak (semi)continuity of the expected utility. Such conditions are also given for the weak compactness of the domain of the expected utility. Our results have useful applications in cooperative solution concepts in economies and games with differential information, in noncooperative games with differential information and in principal-agent problems.

Keywords: Lower Semicontinuous; Weak Topology; Weak Compactness; Market Game; Weak Continuity (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:spr:steccp:978-3-540-26979-3_6

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DOI: 10.1007/3-540-26979-7_6

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