A correspondence theorem between expected utility and smooth utility

DOI10.1016/0022-0531(88)90159-7zbMATH Open0652.90015OpenAlexW2048808175MaRDI QIDQ1107403FDOQ1107403

Authors: Soo Hong Chew, Larry G. Epstein, Itzhak Zilcha 

Publication date: 1988

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

Full work available at URL: https://ageconsearch.umn.edu/record/275398/files/TEL-AVIV-FSWP-078.pdf

Recommendations

• Smooth preferences and the approximate expected utility hypothesis
• On preference relations that admit smooth utility functions
• Cardinal coordinate independence for expected utility
• scientific article; zbMATH DE number 4079112
• A nonsmooth approach to nonexpected utility theory under risk

zbMATH Keywords

expected utilityordinal definition of smoothness of a preference functionalspace of probability distributions

Mathematics Subject Classification ID

Utility theory (91B16)

Cites Work

• "Expected Utility" Analysis without the Independence Axiom
• The Dual Theory of Choice under Risk
• Temporal von Neumann-Morgenstern and induced preferences
• An axiomatic characterization of preferences under uncertainty: Weakening the independence axiom
• Transitive measurable utility
• A Generalization of the Quasilinear Mean with Applications to the Measurement of Income Inequality and Decision Theory Resolving the Allais Paradox
• "Preference Reversal" and the Observability of Preferences by Experimental Methods
• Temporal risk and the nature of induced preferences
• Risk aversion in the theory of expected utility with rank dependent probabilities
• A correspondence theorem between expected utility and smooth utility

Cited In (12)

• A Model of Utility Smoothing
• Differentiability, comparative statics, and non-expected utility preference
• Decisions under risk and uncertainty: A survey of recent developments
• Comparative statics and non-expected utility preferences
• Revealed preference and portfolio choice
• Firm's hedging behavior without the expected utility hypothesis
• A correspondence theorem between expected utility and smooth utility
• Comparative statics tests between decision models under risk
• The preservation of multivariate comparative statics in nonexpected utility theory
• Comparative statics for rank-dependent expected utility theory
• Two errors in the `Allais impossibility theorem'
• Smooth preferences and the approximate expected utility hypothesis

This page was built for publication: A correspondence theorem between expected utility and smooth utility

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q1107403)