Recursive maxmin preferences and rectangular priors: a simple proof

Massimiliano Amarante,Marciano Siniscalchi

Economic Theory Bulletin（2018）

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摘要

We provide a simple proof of a key element of the characterization of recursive maxmin preferences in Epstein and Schneider (J Econ Theory 113:1–31, 2003 ).

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关键词

Recursive multiple priors,Dynamic consistency,Rectangularity

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