Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5071533 | Games and Economic Behavior | 2016 | 14 Pages |
Abstract
This paper takes the Dekel, Lipman, and Rustichini (2001) framework, in which subjective beliefs over subjective states cannot be identified, and proves a conjecture made in their paper: if the Bernoulli utility functions are additively separable and one of the terms is state-independent, then beliefs are uniquely identified. The main departure from existing literature is that beliefs are identified without imposing extra objective elements into the model.
Related Topics
Social Sciences and Humanities
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Authors
Pablo Schenone,