The epsilon-Gini-contamination multiple priors model admits a linear-mean-standard-deviation utility representation

DOI10.1016/J.ECONLET.2006.09.012MaRDI QIDQ1934016zbMATH OpenOpenAlexFDO

Authors Simon Grant, Atsushi Kajii

Publication date 28 January 2013

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2006.09.012

zbMATH Keywords

maximin expected utilitymean-variance utilityrelative Gini concentration indexsubjective probability

Mathematics Subject Classification ID

Convergence of probability measures (60B10) Foundations and philosophical topics in statistics (62A01) Economic growth models (91B62)

Recommendations

• An axiomatic approach to \(\varepsilon\)-contamination
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Cites work

• A More Robust Definition of Subjective Probability
• Ambiguity Aversion, Robustness, and the Variational Representation of Preferences
• Invariant risk attitudes
• Maxmin expected utility with non-unique prior
• Risk premiums and benefit measures for generalized-expected-utility theories

Cited in

(3)

• Subjective mean-variance preferences without expected utility
• Mean-dispersion preferences and constant absolute uncertainty aversion
• A general theory of subjective mixtures

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