When to accept a sequence of gambles
2005 (English)In: Journal of Mathematical Economics, ISSN 0304-4068, Vol. 41, no 8, 974-982 p.Article in journal (Refereed) Published
When is a sequence of gambles, which is initially rejected eventually accepted? The eventual acceptance is defined as a pair property between the utility function and the sequences of gambles. A sequence of gambles is accepted when the gambles follow a large deviation principle and the utility function is non-satiated and bounded from below in a certain way. The number of gambles required for acceptance is computed.
Place, publisher, year, edition, pages
Elsevier B.V. , 2005. Vol. 41, no 8, 974-982 p.
Fallacy of large numbers; Eventual acceptance property; Large deviation; Rate function; Expected utility
IdentifiersURN: urn:nbn:se:su:diva-24365DOI: 10.1016/j.jmateco.2004.12.007OAI: oai:DiVA.org:su-24365DiVA: diva2:197380
Part of urn:nbn:se:su:diva-6972005-10-202005-10-202010-12-08Bibliographically approved