Martin Osborne; Ariel Rubinstein

Published On


Page Range

pp. 31–44


  • English

Print Length

13 pages

Preferences under uncertainty

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.


Martin J. Osborne

Professor Emeritus of Economics at University of Toronto

Ariel Rubinstein

Emeritus in School of Economics at Tel Aviv University
Professor of Economics at New York University