The axiomatic basis of anticipated utility: A clarification

DOI10.1006/jeth.1994.1078zbMath0816.90016OpenAlexW2156879229MaRDI QIDQ1342415

Peter P. Wakker, John Quiggin

Publication date: 13 July 1995

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

Full work available at URL: http://repub.eur.nl/pub/23186

zbMATH Keywords

decision making under riskanticipated utility

Mathematics Subject Classification ID

Utility theory (91B16)

Related Items (19)

Introduction to the special issue in honor of Peter Wakker ⋮ Modeling attitudes towards uncertainty and risk through the use of Choquet integral ⋮ Interval scalability of rank-dependent utility ⋮ A contextual range-dependent model for choice under risk ⋮ Empirical rules of thumb for choice under uncertainty ⋮ Pessimistic portfolio choice with one safe and one risky asset and right monotone probability difference order ⋮ Probabilistically sophisticated rank dependent utility ⋮ A new axiomatization of rank-dependent expected utility with tradeoff consistency for equally likely outcomes ⋮ Rank-dependent preferences without ranking axioms ⋮ Production under uncertainty and choice under uncertainty in the emergence of generalized expected utility theory ⋮ Strategic games with security and potential level players ⋮ Counterexamples to Segal's measure representation theorem ⋮ The sure-thing principle and the comonotonic sure-thing principle: An axiomatic analysis ⋮ Constant risk aversion ⋮ Decomposable capacities, distorted probabilities and concave capacities ⋮ A unified derivation of classical subjective expected utility models through cardinal utility ⋮ Comonotonicity axioms and rank-dependent expected utility theory for arbitrary consequences ⋮ Quality-adjusted life years (QALY) utility models under expected utility and rank dependent utility assumptions ⋮ Separating marginal utility and probabilistic risk aversion

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