**Context dependent beliefs.** / Piermont, Evan.

Research output: Contribution to journal › Article › peer-review

Published

**Context dependent beliefs.** / Piermont, Evan.

Research output: Contribution to journal › Article › peer-review

Piermont, E 2017, 'Context dependent beliefs', *JOURNAL OF MATHEMATICAL ECONOMICS*, vol. 71, pp. 63-73. https://doi.org/10.1016/j.jmateco.2017.04.001

Piermont, E. (2017). Context dependent beliefs. *JOURNAL OF MATHEMATICAL ECONOMICS*, *71*, 63-73. https://doi.org/10.1016/j.jmateco.2017.04.001

Piermont E. Context dependent beliefs. JOURNAL OF MATHEMATICAL ECONOMICS. 2017 Aug;71:63-73. https://doi.org/10.1016/j.jmateco.2017.04.001

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title = "Context dependent beliefs",

abstract = "This paper examines a model where the set of available outcomes from which a decision maker must choose alters his perception of uncertainty. Specifically, this paper proposes a set of axioms such that each menu induces a subjective belief over an objective state space. The decision maker{\textquoteright}s preferences are dependent on the realization of the state. The resulting representation is analogous to state-dependent expected utility within each menu; the beliefs are menu dependent and the utility index is not. Under the interpretation that a menu acts as an informative signal regarding the true state, the paper examines the behavioral restrictions that coincide with different signal structures: elemental (where each element of a menu is a conditionally independent signal) and partitional (where the induced beliefs form a partition of the state space).",

author = "Evan Piermont",

year = "2017",

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doi = "10.1016/j.jmateco.2017.04.001",

language = "English",

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DO - 10.1016/j.jmateco.2017.04.001

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