Copyright

Martin Osborne; Ariel Rubinstein

Published On

2020-03-27

Page Range

pp. 31-44

Print Length

13 pages

Preferences under uncertainty

Chapter of: Models in Microeconomic Theory ('She' 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.