TY - JOUR
T1 - Universal interactive preferences
AU - Ganguli, Jayant
AU - Heifetz, Aviad
AU - Lee, Byung Soo
N1 - Publisher Copyright:
© 2016 Elsevier Inc.
PY - 2016/3/1
Y1 - 2016/3/1
N2 - 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).
AB - 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).
KW - Epistemic game theory
KW - Functional monotone class theorem
KW - Preference type space
KW - Universal type space
UR - http://www.scopus.com/inward/record.url?scp=84953775022&partnerID=8YFLogxK
U2 - 10.1016/j.jet.2015.12.012
DO - 10.1016/j.jet.2015.12.012
M3 - ???researchoutput.researchoutputtypes.contributiontojournal.article???
AN - SCOPUS:84953775022
SN - 0022-0531
VL - 162
SP - 237
EP - 260
JO - Journal of Economic Theory
JF - Journal of Economic Theory
ER -