Efficient sets with and without the expected utility hypothesis

DOI10.1016/0304-4068(88)90018-3MaRDI QIDQ1115328zbMATH OpenOpenAlexWikidataFDO

Authors Zvi Safra, Itzhak Zilcha

Publication date 1988

Published in Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/0304-4068(88)90018-3

zbMATH Keywords

risk aversionlimited-coverage insurance policiesnon-expected utility decision makers

Mathematics Subject Classification ID

Decision theory (91B06) Utility theory (91B16)

Recommendations

• Efficient sets with and without the expected utility hypothesis. A generalization
• Efficient allocations under ambiguity
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Cites work

• "Expected Utility" Analysis without the Independence Axiom
• "Preference Reversal" and the Observability of Preferences by Experimental Methods
• A Generalization of the Quasilinear Mean with Applications to the Measurement of Income Inequality and Decision Theory Resolving the Allais Paradox
• A Price Characterization of Efficient Random Variables
• Efficient random variables
• On the Existence of an Optimal Plan in a Continuous-Time Allocation Process
• Optimal insurance and generalized deductibles
• Portfolio Efficient Sets
• The Dual Theory of Choice under Risk

Cited in

(9)

• Set comparisons in a general domain: the indirect utility criterion
• Increasing uncertainty: a definition
• Efficient sets with and without the expected utility hypothesis. A generalization
• The utility efficient set and its interactive reduction
• Time and risk
• Risk seeking with diminishing marginal utility in a non-expected utility model
• Existence and uniqueness of ordinal Nash outcomes
• Are generalized call-spreads efficient?
• Risk-aversely efficient random variables: Characterization and an application to growth under uncertainty

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