Mean-dispersion preferences with a specific dispersion function

DOI10.1016/J.JMATECO.2019.08.004MaRDI QIDQ2338671zbMATH OpenOpenAlexFDO

Authors Mark Schneider, Manuel Núñez

Publication date 21 November 2019

Published in Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL http://www.chapman.edu/research-and-institutions/economic-science-institute/_files/WorkingPapers/schneider-nunez-statedispersion-2016.pdf

zbMATH Keywords

ambiguity aversiondispersionprobabilistic sophisticationtranslation invarianceuncertainty

Mathematics Subject Classification ID

Individual preferences (91B08) Utility theory (91B16) Control/observation systems governed by partial differential equations (93C20)

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Cites work

• A Definition of Subjective Probability
• A simple mean-dispersion model of ambiguity attitudes
• A simplified axiomatic approach to ambiguity aversion
• A Smooth Model of Decision Making under Ambiguity
• A theory of subjective compound lotteries
• A two-parameter model of dispersion aversion
• Ambiguity and Second-Order Belief
• Ambiguity Aversion, Robustness, and the Variational Representation of Preferences
• Differentiating ambiguity and ambiguity attitude
• Dynamic variational preferences
• Maxmin expected utility with non-unique prior
• Mean-dispersion preferences and constant absolute uncertainty aversion
• Nonlinear Programming
• Risk, ambiguity and the Savage axioms
• Subjective Probability and Expected Utility without Additivity
• Uncertainty aversion with second-order utilities and probabilities
• Vector Expected Utility and Attitudes Toward Variation

Cited in

(6)

• A simple mean-dispersion model of ambiguity attitudes
• A two-parameter model of dispersion aversion
• Mean-dispersion preferences and constant absolute uncertainty aversion
• The dispersion functional for multidimensional equilibria
• Distribution of preferences and measurement errors in a disaggregated expenditure system
• Mean-preserving capacities: a tractable class of Choquet capacities

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