Upper bounds for the risk in the \(\alpha\)-t utility function (Q1062587)
From MaRDI portal
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Upper bounds for the risk in the \(\alpha\)-t utility function |
scientific article |
Statements
Upper bounds for the risk in the \(\alpha\)-t utility function (English)
0 references
1985
0 references
Fishburn's \(\alpha\)-t model [see \textit{P. C. Fishburn}, Amer. Econ. Rev. 67, 116-126 (1977)] is an important example of a utility function involving a target for a random variable. Simple upper bounds for the risk function in this model are proposed for cases in which the probability distribution is either unknown, or produces complicated or intractable statements of the model.
0 references
upper bounds
0 references
risk function
0 references
