Hayashi, T. (2012) Imprecise information and subjective belief. International Journal of Economic Theory, 8(1), pp. 101-114. (doi: 10.1111/j.1742-7363.2011.00177.x)
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Abstract
This paper axiomatically studies a family of preference orderings indexed by variable, objective and generally imprecise information. It characterizes functional relationships between objective information and subjective beliefs. In particular, it establishes the contraction model due to Gajdos, Hayashi, Tallon, and Vergnaud (2008) without relying on identifying direct preference over information.
| Item Type: | Articles |
|---|---|
| Status: | Published |
| Refereed: | Yes |
| Glasgow Author(s) Enlighten ID: | Hayashi, Professor Takashi |
| Authors: | Hayashi, T. |
| College/School: | College of Social Sciences > Adam Smith Business School > Economics |
| Journal Name: | International Journal of Economic Theory |
| ISSN: | 1742-7355 |
| ISSN (Online): | 1742-7363 |
| Published Online: | 21 February 2012 |
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