A test of (weak) certainty independence
We provide a test of the axioms of certainty and weak certainty independence in models of decision-making under subjective uncertainty. We show that it is through these two weakenings of the classic independence axiom that prominent ambiguity models retain properties that stand in conflict with the...
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| Main Authors: | , , |
|---|---|
| Format: | Article (Journal) |
| Language: | English |
| Published: |
April 2023
|
| In: |
Journal of economic theory
Year: 2023, Volume: 209, Pages: 1-24 |
| DOI: | 10.1016/j.jet.2023.105623 |
| Online Access: | Verlag, lizenzpflichtig, Volltext: https://doi.org/10.1016/j.jet.2023.105623 Verlag, lizenzpflichtig, Volltext: https://www.sciencedirect.com/science/article/pii/S0022053123000194 |
| Author Notes: | Christian König-Kersting, Christopher Kops, Stefan T. Trautmann |
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