Imprecise information and subjective belief

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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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
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 (Online):1742-7363
Published Online:21 February 2012

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