Friedman-Savage Utility Functions Consistent with Risk Aversion

DOI10.2307/1879430MaRDI QIDQ5595991zbMATH OpenOpenAlexFDO

Authors Nils H. Hakansson

Publication date 1970

Published in The Quarterly Journal of Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.2307/1879430

zbMATH Keywords

operations research

Cited in

(9)

• The utility of gambling
• Utility of wealth with many indivisibilities
• Lotteries, insurance, and star-shaped utility functions
• Allais's paradox
• Firm behavioral response to multiple sources of risky cash flow
• Testing for risk aversion: A stochastic dominance approach
• Firm behavior under illiquidity risk
• Dual dominance: how Harry Markowitz and William Ziemba impacted portfolio management
• Fixed cost of work and the demand for lotteries

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