1993-02-01
A Unifying Approach to Axiomatic Non-Expected Utility Theories: Correction and Comment
Publication
Publication
Journal of Economic Theory , Volume 59 - Issue 1 p. 183- 188
Chew and Epstein attempted to provide a unifying axiomatic framework for a number of generalizations of expected utility theory. Wakker pointed out that Theorem A, on which the central unifying proposition is based, is false. In this note, we apply Segal′s result to prove that Theorem 2 is nevertheless valid with minor modifications.
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| doi.org/10.1006/jeth.1993.1011, hdl.handle.net/1765/23195 | |
| Journal of Economic Theory | |
| Organisation | Erasmus School of Economics |
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Chew, S. H., Epstein, L., & Wakker, P. (1993). A Unifying Approach to Axiomatic Non-Expected Utility Theories: Correction and Comment. Journal of Economic Theory, 59(1), 183–188. doi:10.1006/jeth.1993.1011 |
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