On the Continuity of Expected Utility

Erik J. Balder; Nicholas C. Yannelis

doi:10.1007/BF01210263

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Journal article

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On the Continuity of Expected Utility

Erik J. Balder and Nicholas C. Yannelis

Economic theory, Vol.3(4), pp.625-643

01/01/1993

DOI: 10.1007/BF01210263

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Abstract

We provide necessary and sufficient conditions for weak (semi)continuity of the expected utility. Such conditions are also given for the weak compactness of the domain of the expected utility. Our results have useful applications in cooperative solution concepts in economies and games with differential information, in noncooperative games with differential information and in principal-agent problems.

Consumption

Convexity

Economic games

Economic theory

Expected utility

Market games

Mathematical functions

Mathematical theorems

Topology

Urelements

Details

Title: Subtitle: On the Continuity of Expected Utility
Creators: Erik J. Balder
Nicholas C. Yannelis
Resource Type: Journal article
Publication Details: Economic theory, Vol.3(4), pp.625-643
Publisher: Springer-Verlag
DOI: 10.1007/BF01210263
ISSN: 0938-2259
eISSN: 1432-0479
Language: English
Date published: 01/01/1993
Academic Unit: Economics
Record Identifier: 9984380436002771

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