Utility analysis, luxuries and risk

DOI10.1016/J.ECONLET.2005.12.025MaRDI QIDQ1929124zbMATH OpenOpenAlexFDO

Authors Stephen Diacon

Publication date 7 January 2013

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2005.12.025

zbMATH Keywords

utilityrisk aversionpreferencesluxuries

Mathematics Subject Classification ID

Utility theory (91B16) Consumer behavior, demand theory (91B42) Experimental studies (91A90)

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Cites work

• Advances in prospect theory: cumulative representation of uncertainty
• Prospect Theory: An Analysis of Decision under Risk
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• Testing for risk aversion: A stochastic dominance approach

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• Is wealth accumulation a luxury good?
• Fixed cost of work and the demand for lotteries
• Expected utility and catastrophic consumption risk

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