Moral hazard and conditional preferences

Journal of Mathematical Economics

Volumn 31, Issue 2, 1999, Pages 159-181

  Drèze, Jacques H ^a   Rustichini, Aldo ^a  

^a UNIVERSITÉ CATHOLIQUE DE LOUVAIN   (Belgium)

Author keywords

Conditional expected utility theory; Decision theory; Moral hazard

Indexed keywords

EID: 0043098288     PISSN: 03044068     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0304-4068(97)00065-7     Document Type: Article

References (16)

1. Anscombe F.J., Aumann R.J. A definition of subjective probability. Ann. Math. Stat. 34:1963;199-205.
2. De Finetti, B., 1937. La prévision: ses lois logiques, ses sources subjectives. In Annales de l'Institut Henri Poincaré, pp. 1-68.
3. Drèze, J.H., 1987. Decision theory with moral hazard and state-dependent preferences. Chap. 2 in Essays on Economic Decisions under Uncertainty, Cambridge, UK.
4. Fishburn, P.C., 1964. Decision and Value Theory. Wiley, New York.
5. Fishburn P.C. A mixture-set axiomatization of conditional subjective expected utility. Econometrica. 41:1973;1-25.
6. Gilboa I., Schmeidler D. Maxmin expected utility with a non-unique prior. J. Math. Econ. 18:1989;141-153.
7. Karni E., Schmeidler D., Vind K. On state-dependent preferences and subjective probabilities. Econometrica. 51:1983;1021-1032.
8. Luce R.D., Krantz D.H. Conditional expected utility. Econometrica. 39:1971;253-272.
9. Pfanzagl J. Characterizations of conditional expectations. Ann. Math. Stat. 38:1967;415-421.
10. Pfanzagl, J., 1968. Theory of Measurement. Wiley, New York.
11. Ramsey, F.P., 1926. Truth and Probability in The Foundations of Mathematics and Other Logical Essays. Kegan Paul, London.
12. Rockafellar, R.T., 1970. Convex Analysis. Princeton Univ. Press, Princeton, NJ.
13. Savage, L.J., 1954. The Foundations of Statistics. Wiley, New York.
14. Skiadas, C., 1991. Conditioning and Aggregation of Preferences. Northwestern University CMS Discussion Paper.
15. Suppes, P., 1956. The role of subjective probability and utility in decision making, in Proc. Third Berkeley Symp. Math. Statist. Prob., 5. Univ. of California Press, Berkeley, CA, pp. 61-73 .
16. Von Neumann, J., Morgenstern, O., 1944. Theory of Games and Economic Behavior. Princeton Univ. Press, Princeton, NJ.