Generalized Expected Utility Analysis of Multivariate Risk Aversion

DOI10.2307/2526648MaRDI QIDQ3829309zbMATH OpenOpenAlexFDO

Authors Edi Karni

Publication date 1989

Published in International Economic Review (Search for Journal in Brave)

Full work available at URL https://ageconsearch.umn.edu/record/275439/files/TEL-AVIV-FSWP-118.pdf

zbMATH Keywords

generalized expected utilitynonexpected utilitypreferences over multivariate distributionsrisk aversion

Mathematics Subject Classification ID

Utility theory (91B16)

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Cited in

(23)

• Measures of risk aversion with expected and nonexpected utility
• Differentiability, comparative statics, and non-expected utility preference
• Many good choice axioms: When can many-good lotteries be treated as money lotteries?
• Many good risks: An interpretation of multivariate risk and risk aversion without the independence axiom
• The preservation of multivariate comparative statics in nonexpected utility theory
• Background risk in generalized expected utility theory
• Comparative statics and non-expected utility preferences
• A strong (Ross) characterization of multivariate risk aversion
• Two errors in the `Allais impossibility theorem'
• The Becker-deGroot-Marschak mechanism is not necessarily incentive compatible, even for non-random goods
• On some classes of normed and risk averse preferences
• Concavity, stochastic utility, and risk aversion
• Expected utility operators and possibilistic risk aversion
• On multivariate prudence
• Multidimensional risk aversion: the cardinal sin
• Local utility and multivariate risk aversion
• Multivariate Risk Aversion and Consumer Choice
• Generalized Expected Utility Analysis of Risk Aversion with State-Dependent Preferences
• Risk aversion for variational and multiple-prior preferences
• Correlated risks, bivariate utility and optimal choices
• Modeling non-monotone risk aversion using SAHARA utility functions
• Risk-aversely efficient random variables: Characterization and an application to growth under uncertainty
• A note on risk aversion and multivariate, state-dependent preferences

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