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

DOI10.1016/0022-0531(86)90076-1zbMath0611.90007OpenAlexW2025925112WikidataQ114685253 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

Utility theory (91B16) Individual preferences (91B08)

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