Copyright
Martin Osborne; Ariel RubinsteinPublished On
2023-06-26Page Range
pp. 31–44Language
- 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
Ariel Rubinstein
(author)Emeritus in School of Economics at Tel Aviv University
Professor of Economics at New York University