TY - JOUR
T1 - Continuity, completeness, betweenness and cone-monotonicity
AU - Karni, Edi
AU - Safra, Zvi
N1 - Publisher Copyright:
© 2015 Elsevier B.V.
PY - 2015/3/1
Y1 - 2015/3/1
N2 - A non-trivial, transitive and reflexive binary relation on the set of lotteries satisfying independence that also satisfies any two of the following three axioms satisfies the third: completeness, Archimedean and mixture continuity (Dubra, 2011). This paper generalizes Dubra's result in two ways: First, by replacing independence with a weaker betweenness axiom. Second, by replacing independence with a weaker cone-monotonicity axiom. The latter is related to betweenness and, in the case in which outcomes correspond to real numbers, is implied by monotonicity with respect to first-order stochastic dominance.
AB - A non-trivial, transitive and reflexive binary relation on the set of lotteries satisfying independence that also satisfies any two of the following three axioms satisfies the third: completeness, Archimedean and mixture continuity (Dubra, 2011). This paper generalizes Dubra's result in two ways: First, by replacing independence with a weaker betweenness axiom. Second, by replacing independence with a weaker cone-monotonicity axiom. The latter is related to betweenness and, in the case in which outcomes correspond to real numbers, is implied by monotonicity with respect to first-order stochastic dominance.
UR - http://www.scopus.com/inward/record.url?scp=84922145231&partnerID=8YFLogxK
U2 - 10.1016/j.mathsocsci.2014.12.007
DO - 10.1016/j.mathsocsci.2014.12.007
M3 - ???researchoutput.researchoutputtypes.contributiontojournal.article???
AN - SCOPUS:84922145231
VL - 74
SP - 68
EP - 72
JO - Mathematical Social Sciences
JF - Mathematical Social Sciences
SN - 0165-4896
ER -