Monotone Continuous Multiple Priors
Massimo Marinacci,
Fabio Maccheroni,
Alain Chateauneuf and
Jean-Marc Tallon
ICER Working Papers - Applied Mathematics Series from ICER - International Centre for Economic Research
Abstract:
We show that the monotone continuity condition introduced by Villegas (1964) and Arrow (1970) is the behavioral counterpart of countable additivity (and relative weak compactness) in a multiple priors model. This generalizes their original result, in which the special case of a singleton set of priors is considered. Further extending their results, we provide a behavioral counterpart for the convex rangedness of the priors (both considered singularly and as a vector measure).
Pages: 24 pages
Date: 2003-06
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (19)
Downloads: (external link)
http://www.bemservizi.unito.it/repec/icr/wp2003/Maccheroni-Marinacci30-03.pdf (application/pdf)
Related works:
Journal Article: Monotone continuous multiple priors (2005) 
Working Paper: Monotone continuous multiple priors (2005) 
Working Paper: Monotone continuous multiple priors (2005) 
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:icr:wpmath:30-2003
Access Statistics for this paper
More papers in ICER Working Papers - Applied Mathematics Series from ICER - International Centre for Economic Research Corso Unione Sovietica, 218bis - 10134 Torino - Italy. Contact information at EDIRC.
Bibliographic data for series maintained by Daniele Pennesi ().