Dynamic Consistency in Ambiguous Persuasion

2021 ◽  
Author(s):  
Marieke Pahlke
Keyword(s):  
Dynamic Consistency

Discovery and Dynamic Consistency

2009 ◽  
Author(s):  
Takashi Hayashi
Keyword(s):  
Dynamic Consistency

scholarly journals Dynamic consistency, valuable information and subjective beliefs

2021 ◽  
Author(s):  
Spyros Galanis
Keyword(s):  
Value Of Information ◽  
Single Agent ◽  
Bayesian Updating ◽  
Dynamic Consistency ◽  
Decision Problems ◽  
Backward Induction ◽  
Subjective Expected Utility ◽  
Trading Behavior ◽  
Subjective Beliefs ◽  
Convex Preferences

AbstractAmbiguity sensitive preferences must fail either Consequentialism or Dynamic Consistency (DC), two properties that are compatible with subjective expected utility and Bayesian updating, while forming the basis of backward induction and dynamic programming. We examine the connection between these properties in a general environment of convex preferences over monetary acts and find that, far from being incompatible, they are connected in an economically meaningful way. In single-agent decision problems, positive value of information characterises one direction of DC. We propose a weakening of DC and show that one direction is equivalent to weakly valuable information, whereas the other characterises the Bayesian updating of the subjective beliefs which are revealed by trading behavior.

Dynamic consistency, consequentialism and reduction of compound lotteries

1994 ◽  
Vol 46 (2) ◽  
pp. 121-129 ◽  
Author(s):  
Oscar Volij
Keyword(s):  
Dynamic Consistency

scholarly journals Rationality and Dynamic Consistency Under Risk and Uncertainty

2014 ◽  
pp. 41-97 ◽  
Author(s):  
Peter J. Hammond ◽  
Horst Zank
Keyword(s):  
Dynamic Consistency ◽  
Risk And Uncertainty

Designing dynamic consistency relations for fault detection and isolation

2000 ◽  
Vol 73 (8) ◽  
pp. 720-732 ◽  
Author(s):  
Janos Gertler
Keyword(s):  
Fault Detection ◽  
Dynamic Consistency ◽  
Fault Detection And Isolation
Sign in / Sign up

Export Citation Format

Share Document