Take Action

Home | Faculty & Research Overview | Research

Research Details

Subjective Recursive Expected Utility, Economic Theory

Abstract

We axiomatize a subjective version of the recursive expected utility model. This development extends the seminal results of Kreps and Porteus (Econometrica 46:185:200 (1978)) to a subjective framework and provides foundations that are easy to relate to axioms familiar from timeless models of decision making under uncertainty. Our analysis also clarifies what is needed in going from a represention that applies within a single filtration to an across filtration representation.

Type

Article

Author(s)

Peter Klibanoff, Emre Ozdenoren

Date Published

2007

Citations

Klibanoff, Peter, and Emre Ozdenoren. 2007. Subjective Recursive Expected Utility. Economic Theory. 30(1): 49-87.

KELLOGG INSIGHT

Explore leading research and ideas

Find articles, podcast episodes, and videos that spark ideas in lifelong learners, and inspire those looking to advance in their careers.
learn more

COURSE CATALOG

Review Courses & Schedules

Access information about specific courses and their schedules by viewing the interactive course scheduler tool.
LEARN MORE

DEGREE PROGRAMS

Discover the path to your goals

Whether you choose our Full-Time, Part-Time or Executive MBA program, you’ll enjoy the same unparalleled education, exceptional faculty and distinctive culture.
learn more

Take Action