Abstract
Under certainty, with commodities i ∈ I, individual preferences are defined over commodity bundles c = (c i : i ∈ I), which are the objects of choice of individuals. Under uncertainty, production possibilities and individual and aggregate endowments, for instance, may vary with the realization of random states of nature s ∈ S . It is then necessary to define individual preferences over plans \( \overrightarrow{c}=\left(c(s);s\in S\right) \) which assign to each state of nature a commodity bundle.
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