Work

Monotone Preferences over Information

Year: 2001

Type: article

Abstract: We consider preference relations over information that are monotone: more information is preferred to less. We prove that, if a preference relation on information about an uncountable set of states of nature is monotone, then it is not representable by a utility function.

Source: The B E Journal of Theoretical Economics

DOI: 10.2202/1534-598x.1033

Authors: Juan Dubra, Federico Echenique

Institutions: Universidad de Montevideo, California Institute of Technology, Universidad de la República de Uruguay, Universidad Torcuato Di Tella

Language: English

Topic: Decision-Making and Behavioral Economics

Subfield: General Decision Sciences

Field: Decision Sciences

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W2141358675

FWCI:

Cites: 21

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Related to: 10