Familiarity breeds completeness |
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| Authors: | Edi Karni |
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| Institution: | 1. Department of Economics, Johns Hopkins University, Baltimore, MD, 21218, USA
2. Warwick Business School, University of Warwick, Coventry, UK
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| Abstract: | This is a study of the representations of subjective expected utility preferences that admit state-dependent incompleteness, and subjective expected utility preferences displaying non-comparability of acts from distinct sources. The notions familiar events and sources are defined and characterized. The relation greater familiarity on sources and increasing familiarity of a source are also defined and characterized. |
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