Uncertainty Aversion and Dynamic Consistency
应用Machina(1989)的更新非期望效用偏好方法到Schmeidler(1989)的非可加概率模型，发现更新后的偏好可能不满足Schmeidler公理，但不确定性厌恶偏好的更新仍保持不确定性厌恶。
This paper applies a proposal of M. Machina (1989) for updating nonexpected utility preferences to D. Schmeidler's (1989) nonadditive probability model. The authors discover that the updated preferences may not themselves satisfy Schmeidler's axioms. Despite this, the updates of uncertainty averse preferences are themselves uncertainty averse. Copyright 1996 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.