2 papers
econ.TH2025
Randomization and ambiguity perception
Yutaro Akita, Kensei Nakamura
Ambiguity-averse decision makers typically dislike not only the presence of ambiguous events but also their increase, contrary to what standard ambiguity models predict. We axiomat…
econ.TH2024
A simple proof of the representation theorem for betweenness preferences
Yutaro Akita
This paper presents a simple proof of Dekel (1986)'s representation theorem for betweenness preferences. The proof is based on the separation theorem.