Probabilistic risk aversion with an arbitrary outcome set

DOI10.1016/J.ECONLET.2011.03.004MaRDI QIDQ553866zbMATH OpenOpenAlexFDO

Authors Pavlo R. Blavatskyy

Publication date 28 July 2011

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2011.03.004

zbMATH Keywords

risk aversionprobabilistic choicefechner modelluce choice modelmore risk averse thanstrong utility model

Mathematics Subject Classification ID

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

Recommendations

• Loss aversion
• Risk and uncertainty aversion on certainty equivalent functions
• A possibilistic approach to risk aversion
• Risk Aversion and the Choice Between Risky Prospects: The Preservation of Comparative Statics Results
• Uncertainty aversion in nonprobabilistic decision models

Cites work

• scientific article; zbMATH DE number 3152611 (Why is no real title available?)
• scientific article; zbMATH DE number 3847328 (Why is no real title available?)
• "Expected Utility" Analysis without the Independence Axiom
• Convex functions on non-convex domains
• Investigating Generalizations of Expected Utility Theory Using Experimental Data
• Risk Aversion in the Small and in the Large
• Risk attitude under random utility
• Stochastic expected utility theory
• Stochastic utility theorem
• The Predictive Utility of Generalized Expected Utility Theories
• `Stochastically more risk averse': a contextual theory of stochastic discrete choice under risk

Cited in

(3)

• On probabilities and loss aversion
• Stronger utility
• Explaining deviations from equilibrium in auctions with avoidable fixed costs

This page was built for publication: Probabilistic risk aversion with an arbitrary outcome set

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q553866)