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arXiv 2012.14557econ.TH
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双重多先验偏好与条件推理的失败

Twofold Multiprior Preferences and Failures of Contingent Reasoning

Federico Echenique, Masaki Miyashita, Yuta Nakamura, Luciano Pomatto, Jamie Vinson

摘要:

我们提出了一个不完整的\textit{twofold multiprior preferences}模型,其中一个动作$f$排名高于一个动作$g$只有当$f$在最坏情况下提供更高的效用比$g$在最好的情况下提供。该模型解释了偶然推理的失败,通过削弱状态的单调性(或优势)公理。我们的模型产生了丰富的比较静态分析的结果,以及扩展练习,并连接到选择理论。我们提出了一个应用到第二价格拍卖。

英文摘要:

We propose a model of incomplete \textit{twofold multiprior preferences}, in which an act $f$ is ranked above an act $g$ only when $f$ provides higher utility in a worst-case scenario than what $g$ provides in a best-case scenario. The model explains failures of contingent reasoning, captured through a weakening of the state-by-state monotonicity (or dominance) axiom. Our model gives rise to rich comparative statics results, as well as extension exercises, and connections to choice theory. We present an application to second-price auctions.

机构、总结、中文摘要均由AI分析而来,可能存在错误,请以论文正文为准。

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