Rubinstein2005-page114

Rubinstein2005-page114 - stern (1944). Kreps (1988) has an...

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October 21, 2005 12:18 master Sheet number 112 Page number 96 96 Lecture Eight indifferent among all lotteries that determine who receives the gift, while common sense tells us he will strictly prefer L ( 1 / 2 ) . Bibliographic Notes Recommended readings : Kreps 1990, 72–81 (115–122); Mas-Colell et al. 1995, chapter 6, A–B. Expected utility theory is based on von Neumann and Morgen-
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Unformatted text preview: stern (1944). Kreps (1988) has an excellent presentation of the mate-rial. Machina (1987) remains a recommended survey of alternative theories. Kahneman and Tversky (1979) is a must reading for psy-chological criticism of expected utility theory. More recent material is covered in Kahneman and Tversky (2000)....
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This note was uploaded on 12/29/2011 for the course ECO 443 taught by Professor Aswa during the Fall '10 term at SUNY Stony Brook.

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