Risk aversion in the small and in the large: Calibration results for betweenness functionals

DOI10.1007/s11166-008-9057-6zbMath1165.91012WikidataQ57923888 ScholiaQ57923888MaRDI QIDQ1025623

Zvi Safra, Uzi Segal

Publication date: 19 June 2009

Published in: Journal of Risk and Uncertainty (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s11166-008-9057-6

zbMATH Keywords

risk aversion; betweenness functionals; calibration results

Mathematics Subject Classification ID

91B16: Utility theory

Cites Work

• Axiomatic utility theories with the betweenness property
• Transitive measurable utility
• An axiomatic characterization of preferences under uncertainty: Weakening the independence axiom
• Advances in prospect theory: cumulative representation of uncertainty
• Constant risk aversion
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• Dilemmas of an Economic Theorist
• Calibration Results for Non-Expected Utility Theories
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• "Expected Utility" Analysis without the Independence Axiom
• Mixture Symmetry and Quadratic Utility
• A Theory of Disappointment Aversion
• Prospect Theory: An Analysis of Decision under Risk
• The reflection effect for constant risk averse agents