Representing preferences with a unique subjective state space: A corrigendum
Publication
, Journal Article
Dekel, E; Lipman, BL; Rustichini, A; Sarver, T
Published in: Econometrica
March 1, 2007
Dekel, Lipman and Rustichini (2001) (henceforth DLR) axiomatically characterized three representations of preferences that allow for a desire for flexibility and/or commitment. In one of these representations (ordinal expected utility), the independence axiom is stated in a weaker form than is necessary to obtain the representation; in another (additive expected utility), the continuity axiom is too weak. In this erratum we provide examples showing that the axioms used by DLR are not sufficient, and provide stronger versions of these axioms that, together with the other axioms used by DLR, are necessary and sufficient for these two representations.
Duke Scholars
Published In
Econometrica
DOI
EISSN
1468-0262
ISSN
0012-9682
Publication Date
March 1, 2007
Volume
75
Issue
2
Start / End Page
591 / 600
Related Subject Headings
- Econometrics
- 1403 Econometrics
- 1402 Applied Economics
- 1401 Economic Theory
Citation
APA
Chicago
ICMJE
MLA
NLM
Dekel, E., Lipman, B. L., Rustichini, A., & Sarver, T. (2007). Representing preferences with a unique subjective state space: A corrigendum. Econometrica, 75(2), 591–600. https://doi.org/10.1111/j.1468-0262.2006.00759.x
Dekel, E., B. L. Lipman, A. Rustichini, and T. Sarver. “Representing preferences with a unique subjective state space: A corrigendum.” Econometrica 75, no. 2 (March 1, 2007): 591–600. https://doi.org/10.1111/j.1468-0262.2006.00759.x.
Dekel E, Lipman BL, Rustichini A, Sarver T. Representing preferences with a unique subjective state space: A corrigendum. Econometrica. 2007 Mar 1;75(2):591–600.
Dekel, E., et al. “Representing preferences with a unique subjective state space: A corrigendum.” Econometrica, vol. 75, no. 2, Mar. 2007, pp. 591–600. Scopus, doi:10.1111/j.1468-0262.2006.00759.x.
Dekel E, Lipman BL, Rustichini A, Sarver T. Representing preferences with a unique subjective state space: A corrigendum. Econometrica. 2007 Mar 1;75(2):591–600.
Published In
Econometrica
DOI
EISSN
1468-0262
ISSN
0012-9682
Publication Date
March 1, 2007
Volume
75
Issue
2
Start / End Page
591 / 600
Related Subject Headings
- Econometrics
- 1403 Econometrics
- 1402 Applied Economics
- 1401 Economic Theory