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Monotone continuous multiple priors

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Summary.

In a multiple priors model á la Gilboa and Schmeidler (1989), we provide necessary and sufficient behavioral conditions ensuring the countable additivity and non-atomicity of all priors.

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Authors and Affiliations

  1. CERMSEM, Université de Paris I, 106-112 Bld de l’Hôpital, 75647, Paris, France

    Alain Chateauneuf

  2. Istituto di Metodi Quantitativi and IGIER, niversitá Bocconi, Viale Isonzo 25, 20135, Milano, Italy

    Fabio Maccheroni

  3. Dipartimento di Statistica e Matematica Applicata and ICER, Universitá di Torino, Piazza Arbarello 8, 10122, Torino, Italy

    Massimo Marinacci

  4. CNRS-EUREQua, Université de Paris I, 106-112 Bld de l’Hôpital, 75647, Paris, France

    Jean-Marc Tallon

Authors
  1. Alain Chateauneuf
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  2. Fabio Maccheroni
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  3. Massimo Marinacci
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  4. Jean-Marc Tallon
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Corresponding author

Correspondence to Alain Chateauneuf.

Additional information

Received: 25 November 2002, Revised: 24 June 2004,

JEL Classification Numbers:

D81.

We thank Roko Aliprantis, Maristella Botticini, Erio Castagnoli, Larry Epstein, Paolo Ghirardato, Itzhak Gilboa, Luigi Montrucchio, David Schmeidler, Marciano Siniscalchi, an Associate Editor, and an anonymous referee for helpful discussions. Fabio Maccheroni and Massimo Marinacci gratefully acknowledge the financial support of MIUR and NOMOS Sistema (Milano).

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Chateauneuf, A., Maccheroni, F., Marinacci, M. et al. Monotone continuous multiple priors. Economic Theory 26, 973–982 (2005). https://doi.org/10.1007/s00199-004-0540-2

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  • DOI: https://doi.org/10.1007/s00199-004-0540-2

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