hero working papers

Objective Rationality and Uncertainty Averse Preferences

Number: 413
Year: 2011
Author(s): Simone Cerreia-Vioglio
We provide a bridge between Bewley preferences [2] and Uncertainty averse preferences [4]. In doing this, we generalize the findings of Gilboa, Maccheroni, Marinacci, and Schmeidler [11]. To exemplify this new framework, we then study a class of preferences that we call Constrained Multiplier preferences and that was first proposed by Wang [19].