Universal interactive preferences

Jayant Ganguli; Aviad Heifetz; Byung Soo Lee

doi:10.1016/j.jet.2015.12.012

Universal interactive preferences

Jayant Ganguli, Aviad Heifetz, Byung Soo Lee

Economics

Open University of Israel

Research output: Contribution to journal › Article › peer-review

Abstract

We prove that a universal preference type space exists under more general conditions than those postulated by Epstein and Wang (1996). To wit, it suffices that preferences can be encoded monotonically in rich enough ways by collections of continuous, monotone real-valued functionals over acts, which determine-even in discontinuous fashion-the preferences over limit acts. The proof relies on a generalization of the method developed by Heifetz and Samet (1998a).

Original language	English
Pages (from-to)	237-260
Number of pages	24
Journal	Journal of Economic Theory
Volume	162
DOIs	https://doi.org/10.1016/j.jet.2015.12.012
State	Published - 1 Mar 2016

Keywords

Epistemic game theory
Functional monotone class theorem
Preference type space
Universal type space

All Science Journal Classification (ASJC) codes

Economics and Econometrics

Access to Document

10.1016/j.jet.2015.12.012

Cite this

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abstract = "We prove that a universal preference type space exists under more general conditions than those postulated by Epstein and Wang (1996). To wit, it suffices that preferences can be encoded monotonically in rich enough ways by collections of continuous, monotone real-valued functionals over acts, which determine-even in discontinuous fashion-the preferences over limit acts. The proof relies on a generalization of the method developed by Heifetz and Samet (1998a).",

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AB - We prove that a universal preference type space exists under more general conditions than those postulated by Epstein and Wang (1996). To wit, it suffices that preferences can be encoded monotonically in rich enough ways by collections of continuous, monotone real-valued functionals over acts, which determine-even in discontinuous fashion-the preferences over limit acts. The proof relies on a generalization of the method developed by Heifetz and Samet (1998a).

KW - Epistemic game theory

KW - Functional monotone class theorem

KW - Preference type space

KW - Universal type space

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DO - 10.1016/j.jet.2015.12.012

M3 - مقالة

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EP - 260

JO - Journal of Economic Theory

JF - Journal of Economic Theory

ER -

Universal interactive preferences

Abstract

Keywords

All Science Journal Classification (ASJC) codes

Access to Document

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