期刊名称:COWLES Foundation Discussion Paper / Cowles Foundation for Research in Economics
出版年度:2001
卷号:2001
期号:1
出版社:Yale University
摘要:We consider preference relations over information that are monotone: more information is preferred to less. We prove that, if a preference relation on information about an uncountable set of states of nature is monotone, then it is not representable by a utility function.
关键词:Value of information; Blackwell's theorem; representation theorems; monotone preferences