An axiomatic characterization of preferences under uncertainty: Weakening the independence axiom

DOI10.1016/0022-0531(86)90076-1zbMath0611.90007WikidataQ114685253 ScholiaQ114685253MaRDI QIDQ1087452

Publication date: 1986

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0022-0531(86)90076-1

zbMATH Keywords

risk aversion; axiomatic characterizations; independence axiom; expected utility approximation; expected utility representation of preferences; First-order stochastic dominance

Mathematics Subject Classification ID

91B16: Utility theory

91B08: Individual preferences

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Cites Work