Lorenzo Bastianello

Séminaires thématiques
Economic theory seminar

Lorenzo Bastianello

Université Paris 2 Panthéon-Assas
Choquet expected utility across time without lotteries
Lieu

IBD Salle 21

Îlot Bernard du Bois - Salle 21

AMU - AMSE
5-9 boulevard Maurice Bourdet
13001 Marseille

Date(s)
Jeudi 31 mai 2018| 12:00 - 13:15
Contact(s)

Ugo Bolletta : ugo.bolletta[at]univ-amu.fr
Mathieu Faure : mathieu.faure[at]univ-amu.fr

Résumé

In this paper we axiomatise an inter-temporal version of the Choquet Expected Utility model by recasting Koopmans Discounted Utility model in a framework with uncertainty. A new axiom, called comonotonic stationarity, is proposed as a generalization of  Koopmans stationarity axiom. Under other standard axioms used in the theory of inter-temporal choice, a decision maker will evaluate an ambiguous stream of income through the Choquet integral of discounted utilities. As a dividend, our setting allows to axiomatise the Discounted Expected Utility model.