{"title":"Mixture-betweenness: Uncertainty and commitment","authors":"Fernando Payró","doi":"10.1016/j.jet.2025.106097","DOIUrl":null,"url":null,"abstract":"<div><div>This paper develops axiomatic models of preference under uncertainty and preference for commitment that satisfy Mixture-Betweenness, a weakening of the Independence axiom originally proposed by <span><span>Chew (1989)</span></span> and <span><span>Dekel (1986)</span></span>. A central contribution of the paper is a general representation theorem that can be applied across a wide range of domains.</div></div>","PeriodicalId":48393,"journal":{"name":"Journal of Economic Theory","volume":"230 ","pages":"Article 106097"},"PeriodicalIF":1.2000,"publicationDate":"2025-10-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Economic Theory","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0022053125001437","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
This paper develops axiomatic models of preference under uncertainty and preference for commitment that satisfy Mixture-Betweenness, a weakening of the Independence axiom originally proposed by Chew (1989) and Dekel (1986). A central contribution of the paper is a general representation theorem that can be applied across a wide range of domains.
期刊介绍:
The Journal of Economic Theory publishes original research on economic theory and emphasizes the theoretical analysis of economic models, including the study of related mathematical techniques. JET is the leading journal in economic theory. It is also one of nine core journals in all of economics. Among these journals, the Journal of Economic Theory ranks fourth in impact-adjusted citations.