A BEJTE Topics article.

Abstract

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.

Submitted: July 4, 2001 · Accepted: December 17, 2001 · Published: December 19, 2001

Originally published in Topics in Theoretical Economics.

Recommended Citation

Dubra, Juan and Echenique, Federico (2001) "Monotone Preferences over Information," Topics in Theoretical Economics: Vol. 1 : Iss. 1, Article 1.
Available at: http://www.bepress.com/bejte/topics/vol1/iss1/art1