Temptation as a result of ambiguity

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Özkaya, Özde (2018) Temptation as a result of ambiguity. [Thesis]

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Official URL: http://risc01.sabanciuniv.edu/record=b1819795 (Table of Contents)


Employing the well-accepted axioms of Ghirardato, Maccheroni, and Marinacci (2004) on preferences under ambiguity and extending them to the case with menus while using a mild condition, we obtain a multiple-selves representation. As a result, when evaluating a menu the decision maker can be thought to imagine that with some menu-dependent probability his/her \ego" is in charge and he/she consumes the best alternative, whereas with the remaining probability the decision maker faces an ambiguity about his/her consumption as he/she does not know which one of his/her \alter egos" is to decide. We also show that our multiple-selves representation transforms into a dual-self representation under a more restrictive condition. Finally, the relation of our representation theorem with some models of temptation is analyzed and we show that our representation result delivers their key axioms concerning temptation.

Item Type:Thesis
Uncontrolled Keywords:Temptation. -- Ambiguity. -- Dual-self. -- Multiple-selves. -- Ayartı. -- Muğlaklık. -- İkili benlik. -- Çoklu-benlik.
Subjects:H Social Sciences > HB Economic Theory
ID Code:36752
Deposited By:IC-Cataloging
Deposited On:07 Dec 2018 17:52
Last Modified:22 May 2019 14:12

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