1989-12-01
Subjective Expected Utility with Non-Increasing Risk Aversion
Publication
Publication
Annals of Operations Research , Volume 19 - Issue 1 p. 219- 228
It is shown that assumptions about risk aversion, usually studied under the pre-supposition of expected utility maximization, have a surprising extra merit at an earlier stage of the measurement work: together with the sure-thing principle, these assumptions imply subjective expected utility maximization for monotonic continuous weak orders.
| Additional Metadata | |
|---|---|
| , , , | |
| doi.org/10.1007/BF02283522, hdl.handle.net/1765/23229 | |
| ERIM Article Series (EAS) | |
| Annals of Operations Research | |
| Organisation | Erasmus Research Institute of Management |
|
Wakker, P. (1989). Subjective Expected Utility with Non-Increasing Risk Aversion. Annals of Operations Research, 19(1), 219–228. doi:10.1007/BF02283522 |
|
