Universal interactive preferences

Jayant Ganguli; Aviad Heifetz; Byung Soo Lee

doi:10.1016/j.jet.2015.12.012

Universal interactive preferences

Jayant Ganguli, Aviad Heifetz, Byung Soo Lee

Economics discipline

Research output: Contribution to journal › Article › peer-review

Abstract

We prove that a universal preference type space exists under more general conditions than those postulated by Epstein and Wang (1996). To wit, it suffices that preferences can be encoded monotonically in rich enough ways by collections of continuous, monotone real-valued functionals over acts, which determine-even in discontinuous fashion-the preferences over limit acts. The proof relies on a generalization of the method developed by Heifetz and Samet (1998a).

Original language	English
Pages (from-to)	237-260
Number of pages	24
Journal	Journal of Economic Theory
Volume	162
DOIs	https://doi.org/10.1016/j.jet.2015.12.012
State	Published - 1 Mar 2016

Bibliographical note

Publisher Copyright:
© 2016 Elsevier Inc.

Keywords

Epistemic game theory
Functional monotone class theorem
Preference type space
Universal type space

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10.1016/j.jet.2015.12.012

Cite this

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Universal interactive preferences

Abstract

Bibliographical note

Keywords

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