| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 972981 | Mathematical Social Sciences | 2010 | 4 Pages |
Abstract
This paper suggests an alternative axiomatization of two canonical models of ambiguity aversion. Instead of relaxing the independence axiom to accommodate uncertainty aversion, we impose independence on constant acts only. Maxmin and variational preferences are characterized by different strengthenings of the monotonicity axiom.
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Physical Sciences and Engineering
Mathematics
Applied Mathematics
Authors
Leandro Nascimento, Gil Riella,