EconPapers    
Economics at your fingertips  
 

Monotone continuous multiple priors

Alain Chateauneuf (), Fabio Macheronni, Massimo Marinacci and Jean-Marc Tallon ()
Additional contact information
Fabio Macheronni: Department of economics - Università Commerciale L. Bocconi

Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL

Abstract: We show that the monotone continuity condition introduced by Arrow (1970) is the behavioral counterpart of countable additivity and weak compactness of the set of priors in a maxmin expected utility model. This generalizes Arrow's original result, who considered the special case of a singleton set of priors. Several other convenient technical properties of the set of priors, like non-atomicity, are studied and their behavioral counterparts are provided.

Keywords: multiple prior; continuity (search for similar items in EconPapers)
Date: 2005
Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-00177057
References: Add references at CitEc
Citations: View citations in EconPapers (21) Track citations by RSS feed

Published in Economic Theory, Springer Verlag, 2005, 26 (4), pp.973-982. ⟨10.1007/s00199-004-0540-2⟩

Downloads: (external link)
https://halshs.archives-ouvertes.fr/halshs-00177057/document (application/pdf)

Related works:
Journal Article: Monotone continuous multiple priors (2005) Downloads
Working Paper: Monotone Continuous Multiple Priors (2003) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:cesptp:halshs-00177057

DOI: 10.1007/s00199-004-0540-2

Access Statistics for this paper

More papers in Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL
Bibliographic data for series maintained by CCSD ().

 
Page updated 2020-01-22
Handle: RePEc:hal:cesptp:halshs-00177057