感知模糊性与相关测度

Perceived Ambiguity and Relevant Measures

Econometrica · 2014
被引 26
人大 A+FT50ABS 4*

中文导读

公理化了一类偏好,这类偏好通过单调聚合由效用函数和一组独立同分布概率测度生成的主观期望效用来表示,并定义了相关测度,将其解释为反映感知模糊性的一部分。

Abstract

We axiomatize preferences that can be represented by a monotonic aggregation of subjective expected utilities generated by a utility function and some set of i.i.d. probability measures over a product state space, S1. For such preferences, we define relevant measures, show that they are treated as if they were the only marginals possibly governing the state space and connect them with the measures appearing in the aforementioned representation. These results allow us to interpret relevant measures as reflecting part of perceived ambiguity, meaning subjective uncertainty about probabilities over states. Under mild conditions, we show that increases or decreases in ambiguity aversion cannot affect the relevant measures. This property, necessary for the conclusion that these measures reflect only perceived ambiguity, distinguishes the set of relevant measures from the leading alternative in the literature. We apply our findings to a number of well-known models of ambiguity-sensitive preferences. For each model, we identify the set of relevant measures and the implications of comparative ambiguity aversion.

模糊性感知相关测度主观期望效用模糊性厌恶