Copyright
Martin Osborne; Ariel RubinsteinPublished On
2020-03-27Page Range
pp. 31-44Language
- English
Print Length
13 pages
Preferences under uncertainty
Chapter of: Models in Microeconomic Theory ('He' Edition)(pp. 31–44)
This chapter studies an instance of the model in which an alternative in the set involves randomness regarding the consequence it yields. We refer to these alternatives as lotteries.