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Belief functions and preference for flexibility

Author

Listed:
  • Matthew Ryan

    (University of Auckland)

Abstract

This note clarifies some deep mathematical connections between the Dempster-Shafer theory belief functions (Dempster, 1967; Shafer, 1976) and preference for flexibility in the tradition of Kreps (1979).

Suggested Citation

  • Matthew Ryan, 2014. "Belief functions and preference for flexibility," Economics Bulletin, AccessEcon, vol. 34(1), pages 581-588.
    • Handle: RePEc:ebl:ecbull:eb-14-00082
    as

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    File URL: http://www.accessecon.com/Pubs/EB/2014/Volume34/EB-14-V34-I1-P55.pdf
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    References listed on IDEAS

    as
    1. Barberà, Salvador & Grodal, Birgit, 2011. "Preference for flexibility and the opportunities of choice," Journal of Mathematical Economics, Elsevier, vol. 47(3), pages 272-278.
    2. Klaus Nehring, 1999. "Preference for Flexibility in a Savage Framework," Econometrica, Econometric Society, vol. 67(1), pages 101-120, January.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Belief functions; plausibility functions; preference for flexibility;
    All these keywords.

    JEL classification:

    • C0 - Mathematical and Quantitative Methods - - General
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty

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