【主讲】Li Jian (Assistant Professor, McGill University)
【主题】Information order in monotone decision problems under uncertainty
【时间】2018年7月13日 (周五) 12：00-13：30
【地点】上海财经大学经济学院楼702室
【语言】英文
【摘要】This paper examines the robustness of Lehmann’s ranking of experiments (Lehmann, 1988) for decisionmakers who are uncertainty-averse à la Cerreia-Vioglio et al.(2011). Assuming commitment, the main result says for all uncertainty-averse indices satisfying some mild assumptions, Lehmann’s informativeness ranking is equivalent to the induced uncertainty-averse value ranking of experiments for all agents with single-crossing vNM utility indices. Our finding suggests that Lehmann’s ranking can be a useful enrichment of Blackwell’s ranking for monotone decision problems even if ambiguity is present.
