{"entities":{"Q1095773":{"pageid":1106525,"ns":120,"title":"Item:Q1095773","lastrevid":69630963,"modified":"2026-04-13T08:19:56Z","type":"item","id":"Q1095773","labels":{"en":{"language":"en","value":"Risk aversion in the theory of expected utility with rank dependent probabilities"}},"descriptions":{"en":{"language":"en","value":"scientific article; zbMATH DE number 4029220"}},"aliases":{},"claims":{"P31":[{"mainsnak":{"snaktype":"value","property":"P31","hash":"fd5912e4dab4b881a8eb0eb27e7893fef55176ad","datavalue":{"value":{"entity-type":"item","numeric-id":56887,"id":"Q56887"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1095773$C24BF8F8-0A72-41C6-8698-1DB17A63FE73","rank":"normal"}],"P159":[{"mainsnak":{"snaktype":"value","property":"P159","hash":"27a6063ddeccef4c0d7701a5799ecedb245bd55a","datavalue":{"value":{"text":"Risk aversion in the theory of expected utility with rank dependent probabilities","language":"en"},"type":"monolingualtext"},"datatype":"monolingualtext"},"type":"statement","id":"Q1095773$70F89E4D-FC8D-4E5E-B3EF-13836D15B930","rank":"normal"}],"P225":[{"mainsnak":{"snaktype":"value","property":"P225","hash":"4cd03905a7acd3145ff1b9a059a34932346fce98","datavalue":{"value":"0632.90007","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q1095773$60B7B5D2-C590-40B0-A53C-5ADD217DAC67","rank":"normal"}],"P27":[{"mainsnak":{"snaktype":"value","property":"P27","hash":"8724125dc72ecaaf2ed44e4e663a910325ea76bb","datavalue":{"value":"10.1016/0022-0531(87)90093-7","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q1095773$AB294161-A99B-4777-8BAC-404E3E20E159","rank":"normal"}],"P16":[{"mainsnak":{"snaktype":"value","property":"P16","hash":"0bd41f2ba5f7c872a93b1b3fc3d8dbf110bbdd9a","datavalue":{"value":{"entity-type":"item","numeric-id":1095772,"id":"Q1095772"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1095773$E8ECCA06-3BA0-4941-9D78-2991C36888A6","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P16","hash":"5693407a2bc2c0f5d3f011edddb4b9b0c256bef0","datavalue":{"value":{"entity-type":"item","numeric-id":197098,"id":"Q197098"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1095773$A189EAB4-1820-46C6-8251-B6DE74F40BD3","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P16","hash":"a642583c6430e77748edd179d9fdb7cbbc93a4b2","datavalue":{"value":{"entity-type":"item","numeric-id":227903,"id":"Q227903"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1095773$401067D7-A0B1-4046-B5E0-E412513ADA9A","rank":"normal"}],"P200":[{"mainsnak":{"snaktype":"value","property":"P200","hash":"3bf9ac9ec63184edee159adfddd47bd75703ecee","datavalue":{"value":{"entity-type":"item","numeric-id":61265,"id":"Q61265"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1095773$A3575C0D-884E-4C0F-A020-7BF8551ABEEE","rank":"normal"}],"P28":[{"mainsnak":{"snaktype":"value","property":"P28","hash":"5ae48c61eed19d1e1e1f33f9255d5b329362d064","datavalue":{"value":{"time":"+1987-00-00T00:00:00Z","timezone":0,"before":0,"after":0,"precision":9,"calendarmodel":"http://www.wikidata.org/entity/Q1985727"},"type":"time"},"datatype":"time"},"type":"statement","id":"Q1095773$F19F3FBB-25CE-4E43-BFFF-735195D6A577","rank":"normal"}],"P1448":[{"mainsnak":{"snaktype":"value","property":"P1448","hash":"99a01aa6bd61734941e8b12c48bc34e4ac617fd5","datavalue":{"value":"This paper investigates risk aversion within an extended model of expected utility which has been axiomatized by \\textit{M. Quiggin} [J. Econ. Behav. Organ. 3 (1982)]. Let J be a real interval. A preference relation \\(\\gtrsim\\) in the set of probability distribution functions F over J is represented by a functional  \\[  V(F)=\\int_{J}v(z)d(g\\circ F)(z)  \\]  where v and g are continuous, strictly increasing functions, \\(v: J\\to {\\mathbb{R}}\\) and g: [0,1]\\(\\to [0,1]\\) onto. Notions of risk aversion are introduced which are similar to the Arrow-Pratt notions in classical expected utility. Provided the functionals V are Gateaux differentiable, it is shown that a preference relation is more risk averse than another preference relation \\(\\gtrsim^*\\) iff v and g are concave transforms of \\(v^*\\) and \\(g^*\\), respectively. Results on the (conditional) demand for a riskless asset and on diversification are derived which partly correspond to the classical ones and partly differ from them.","type":"string"},"datatype":"string"},"type":"statement","id":"Q1095773$56223A67-5CCF-4FD0-B95F-4F007C219A41","rank":"normal"}],"P226":[{"mainsnak":{"snaktype":"value","property":"P226","hash":"662a15c969a3e9b9201184d54187bd341d8c9f5f","datavalue":{"value":"91B16","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q1095773$B718A0F4-23B1-4314-95F4-FB2687E08C5E","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P226","hash":"7dfd8303bd13aea2e4b7120171f58bea1dddf5e5","datavalue":{"value":"91B08","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q1095773$87D54338-A0DA-43F5-8E4B-C2FCE2C8775D","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P226","hash":"573684ced2fe2c188247678e777849505e146cb1","datavalue":{"value":"60A05","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q1095773$8D4B68D6-EBF6-4B0B-ACD1-7D0CA12203EC","rank":"normal"}],"P1451":[{"mainsnak":{"snaktype":"value","property":"P1451","hash":"f577b7383b40996991eb99f9cec1752d96cdd3fb","datavalue":{"value":"4029220","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q1095773$0F0B01F4-1ABE-4736-B706-CECBDC597E2C","rank":"normal"}],"P1450":[{"mainsnak":{"snaktype":"value","property":"P1450","hash":"090bd65984febbe1948c4bd33605cbf08d2f9637","datavalue":{"value":"rank dependent probabilities","type":"string"},"datatype":"string"},"type":"statement","id":"Q1095773$D17CFF4E-34A3-424E-95D0-D4D3E987EF25","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1450","hash":"e232f7346dd86ff109e0faaf18544ce8a89f6606","datavalue":{"value":"conditional asset demand","type":"string"},"datatype":"string"},"type":"statement","id":"Q1095773$97924851-22F2-40BD-B297-D0838A5ACC8F","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1450","hash":"a7afdc7153ce6eb7f40cce2736c5f51c700cb085","datavalue":{"value":"risk aversion","type":"string"},"datatype":"string"},"type":"statement","id":"Q1095773$E6415480-D1A5-4FED-9F76-C261F9B13E08","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1450","hash":"53985ca1c505e8ba812647c66fbd8459518d2285","datavalue":{"value":"expected utility","type":"string"},"datatype":"string"},"type":"statement","id":"Q1095773$7DC13B6F-526F-49AE-81AC-93F4F99E2F73","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1450","hash":"8ca076f43a0b41c83706ed8afc412e3fd632e66c","datavalue":{"value":"Gateaux differentiable","type":"string"},"datatype":"string"},"type":"statement","id":"Q1095773$CACD2FAF-0B0C-4860-B742-F19A606545DD","rank":"normal"}],"P12":[{"mainsnak":{"snaktype":"value","property":"P12","hash":"b8c325750d974232b4c0dcc13b605b20d13021fb","datavalue":{"value":"Q57925854","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q1095773$D7CBF2D6-2CBA-4112-A76F-E18A2F066230","rank":"normal"}],"P1447":[{"mainsnak":{"snaktype":"value","property":"P1447","hash":"7ce2e58fadab72e48061115ef741265ae9f57522","datavalue":{"value":{"entity-type":"item","numeric-id":1224948,"id":"Q1224948"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1095773$A7D22526-DB10-4D40-A3D9-176DB044052A","rank":"normal"}],"P1460":[{"mainsnak":{"snaktype":"value","property":"P1460","hash":"57f7fea50d2ce1b39b695c4a1313582eed405e38","datavalue":{"value":{"entity-type":"item","numeric-id":5976449,"id":"Q5976449"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1095773$9EFBAAB1-27E6-4253-BFD0-3918153E9393","rank":"normal"}],"P205":[{"mainsnak":{"snaktype":"value","property":"P205","hash":"e7717b18aa0735070c78fdf577516082b26bce07","datavalue":{"value":"https://doi.org/10.1016/0022-0531(87)90093-7","type":"string"},"datatype":"url"},"type":"statement","id":"Q1095773$5C595893-BBB9-4681-9F75-78C6C446EC9C","rank":"normal"}],"P388":[{"mainsnak":{"snaktype":"value","property":"P388","hash":"b69e0d3e7df80138d99c5378e535175eb0e9edf9","datavalue":{"value":"W1982635313","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q1095773$10F7A34C-BF16-4459-A44C-930D3D94DB38","rank":"normal"}],"P223":[{"mainsnak":{"snaktype":"value","property":"P223","hash":"f8aede6781a17ca2ded5382d713698f856ab73ac","datavalue":{"value":{"entity-type":"item","numeric-id":5618987,"id":"Q5618987"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1095773$CE3229FF-1B35-40BB-93A9-B7D81DD3F0ED","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P223","hash":"af131c14133f71abfda94fb8399283f63bdfdcf0","datavalue":{"value":{"entity-type":"item","numeric-id":3666552,"id":"Q3666552"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1095773$53DBEBE7-6A94-46E8-BAB4-96880AF9E474","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P223","hash":"c42a6a59f967a10211923770530bac6d36eba476","datavalue":{"value":{"entity-type":"item","numeric-id":5896300,"id":"Q5896300"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1095773$6E8EAAF5-C111-4061-B4B0-92CD7F3A29F1","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P223","hash":"076ad43b2218680ca501aa6b7b0d9932baf47ac5","datavalue":{"value":{"entity-type":"item","numeric-id":3930974,"id":"Q3930974"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1095773$185DE64C-9507-463C-8FB8-F444D4755885","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P223","hash":"5f6feace5b63159d712b051c7ba09619ff07072a","datavalue":{"value":{"entity-type":"item","numeric-id":5341352,"id":"Q5341352"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1095773$FEEB93E5-5552-4647-97A8-3724BB61D99D","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P223","hash":"819591b0d2eca4ee312ea5b92a85c68cb40f9c72","datavalue":{"value":{"entity-type":"item","numeric-id":4726013,"id":"Q4726013"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1095773$6F1D8FBA-9AF7-492B-846D-F96846BFA856","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P223","hash":"ba1b85f561fdd164907468acc767527574897d68","datavalue":{"value":{"entity-type":"item","numeric-id":5602525,"id":"Q5602525"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1095773$2BCBB83A-4152-403F-B348-F0432CE56DAD","rank":"normal"}],"P1643":[{"mainsnak":{"snaktype":"value","property":"P1643","hash":"0112ea1f4b214d6e61de2a52aa1cb508d28e0828","datavalue":{"value":{"entity-type":"item","numeric-id":1329120,"id":"Q1329120"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"15e423463cb2e0711fda25749f0dc562eb1a3bbf","datavalue":{"value":{"amount":"+0.93102026","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"ac3c626774dcd0d16f89557f66586245841a01db","datavalue":{"value":{"entity-type":"item","numeric-id":6767936,"id":"Q6767936"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q1095773$B5121290-A5FE-4EFC-B999-A2624D6CF5C3","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"6134b47957543438a72adc230fe516971075e0bf","datavalue":{"value":{"entity-type":"item","numeric-id":5266359,"id":"Q5266359"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"f766801cabf8d09d2440b1793236187b10186ee6","datavalue":{"value":{"amount":"+0.92861915","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"ac3c626774dcd0d16f89557f66586245841a01db","datavalue":{"value":{"entity-type":"item","numeric-id":6767936,"id":"Q6767936"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q1095773$8FAD16FD-ECD2-4DD1-9194-DFEF6C6104FC","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"693ddf3f53e016653f2af2bbc409f8bd0148d34a","datavalue":{"value":{"entity-type":"item","numeric-id":1180526,"id":"Q1180526"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"7b74ea5b64337252c437a93f2b886ef0a1c81b23","datavalue":{"value":{"amount":"+0.90045804","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"ac3c626774dcd0d16f89557f66586245841a01db","datavalue":{"value":{"entity-type":"item","numeric-id":6767936,"id":"Q6767936"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q1095773$BB47F0AB-1435-4B62-9F3F-9B918ACF3F59","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"9a4a616faf107aabcc695d3ba51046b610beaab3","datavalue":{"value":{"entity-type":"item","numeric-id":1057767,"id":"Q1057767"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"511b6e2394f67a63fa263391c2bc3aca3db3d9a9","datavalue":{"value":{"amount":"+0.90015507","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"ac3c626774dcd0d16f89557f66586245841a01db","datavalue":{"value":{"entity-type":"item","numeric-id":6767936,"id":"Q6767936"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q1095773$9126865A-7BEE-4E6C-8BDE-D777468F1E4D","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"053d98b95ed08629cce19aa42835f4e4487d5a9a","datavalue":{"value":{"entity-type":"item","numeric-id":2422173,"id":"Q2422173"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"71fc73e24eaa853abb255adad5794171792ebb2f","datavalue":{"value":{"amount":"+0.8999411","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"ac3c626774dcd0d16f89557f66586245841a01db","datavalue":{"value":{"entity-type":"item","numeric-id":6767936,"id":"Q6767936"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q1095773$108EE44A-D066-42DB-865C-DA25DD74E29D","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"3fa983f05d399253ed664bef87a37d833e997049","datavalue":{"value":{"entity-type":"item","numeric-id":2406940,"id":"Q2406940"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"a134cff24cd95da434aec340216b34c99ea59804","datavalue":{"value":{"amount":"+0.89902407","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"ac3c626774dcd0d16f89557f66586245841a01db","datavalue":{"value":{"entity-type":"item","numeric-id":6767936,"id":"Q6767936"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q1095773$B858AB86-F494-41C9-8310-BA58FDEA573B","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"e147df167a1b454283a462dcf0830bbcc9777859","datavalue":{"value":{"entity-type":"item","numeric-id":2503429,"id":"Q2503429"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"ef95100c8f3b913e31a8d4e413393e8a67e7b0a3","datavalue":{"value":{"amount":"+0.89857423","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"ac3c626774dcd0d16f89557f66586245841a01db","datavalue":{"value":{"entity-type":"item","numeric-id":6767936,"id":"Q6767936"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q1095773$24824393-206E-4877-9455-71636B32CBD1","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"ef6f998c48a3864931efa5e956739993343c6e0b","datavalue":{"value":{"entity-type":"item","numeric-id":2327072,"id":"Q2327072"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"0b002fd4b47e184cba17fccf3f0790be2b738579","datavalue":{"value":{"amount":"+0.8977001","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"ac3c626774dcd0d16f89557f66586245841a01db","datavalue":{"value":{"entity-type":"item","numeric-id":6767936,"id":"Q6767936"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q1095773$D81DF2D9-349D-499D-AFD5-AC567548E171","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"9b568420aa186f0bad639c76022ff1c49ebbdb86","datavalue":{"value":{"entity-type":"item","numeric-id":1123842,"id":"Q1123842"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"1cbb36e5f887c6148aa2a3f362920ede5fbb03f8","datavalue":{"value":{"amount":"+0.8976327","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"ac3c626774dcd0d16f89557f66586245841a01db","datavalue":{"value":{"entity-type":"item","numeric-id":6767936,"id":"Q6767936"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q1095773$439E6682-A8DC-4C5C-99A5-4621432F1931","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"4788906937a1b139a570c44c052c06f98e505781","datavalue":{"value":{"entity-type":"item","numeric-id":2392557,"id":"Q2392557"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"50aa5719003db219b192077a16210b23688b4358","datavalue":{"value":{"amount":"+0.8975023","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"ac3c626774dcd0d16f89557f66586245841a01db","datavalue":{"value":{"entity-type":"item","numeric-id":6767936,"id":"Q6767936"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q1095773$AC454F2A-26B4-431D-885A-16F01C662CA7","rank":"normal"}],"P163":[{"mainsnak":{"snaktype":"value","property":"P163","hash":"c39a117a349789e54237c0a3254f5a10c0a6517e","datavalue":{"value":{"entity-type":"item","numeric-id":6830565,"id":"Q6830565"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q1095773$8AEDFEC5-F0D1-42D5-B633-718AB15BC62E","rank":"normal"}]},"sitelinks":{"mardi":{"site":"mardi","title":"Risk aversion in the theory of expected utility with rank dependent probabilities","badges":[],"url":"https://portal.mardi4nfdi.de/wiki/Risk_aversion_in_the_theory_of_expected_utility_with_rank_dependent_probabilities"}}}}}