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

fechner modelluce choice modelmore risk averse thanprobabilistic choicerisk aversionstrong utility model

Mathematics Subject Classification ID

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

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Cites work

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

Cited in

(5)

• Stronger utility
• On probabilities and loss aversion
• Effects of vague probabilities and of vague payoffs on preference: A model comparison analysis
• Explaining deviations from equilibrium in auctions with avoidable fixed costs
• An economist and a psychologist form a line: what can imperfect perception of length tell us about stochastic choice?

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