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Copyright

Martin Osborne; Ariel Rubinstein

Published On

2023-06-26

Page Range

pp. 31–44

Language

  • English

Print Length

13 pages

Preferences under uncertainty

Chapter of: Models in Microeconomic Theory: Expanded Second Edition (He)(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.

Contributors

Martin J. Osborne

(author)
Professor Emeritus of Economics at University of Toronto
https://orcid.org/0000-0001-8584-6176

Ariel Rubinstein

(author)
Emeritus in School of Economics at Tel Aviv University
Professor of Economics at New York University
https://orcid.org/0000-0003-1574-2659
https://arielrubinstein.org/