March 30, 2012, 13:45–15:00
Toulouse
Room MF 323
Decision Mathematics Seminar
Abstract
We prove the existence of comonotone Pareto optimal allocations within sets of acceptable allocations when decision makers have probabilistic sophisticated variational preferences on random endowments in L1.
Keywords
Pareto optimal allocations; variational preferences; probabilistic sophistication; ambiguity aversion; weighted sup-convolution;
JEL codes
- D81: Criteria for Decision-Making under Risk and Uncertainty
- D86: Economics of Contract: Theory