A New Representation of Preferences over "Certain x Uncertain" Consumption Pairs: The "Ordinal Certainty Equivalent" Hypothesis
From MaRDI portal
Publication:4180084
DOI10.2307/1911435zbMath0396.90011OpenAlexW2090925178MaRDI QIDQ4180084
Publication date: 1978
Published in: Econometrica (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.2307/1911435
Related Items (24)
The impact of ambiguity and prudence on prevention decisions ⋮ Stochastic volatility implies fourth-degree risk dominance: applications to asset pricing ⋮ Lattice-based monotone comparative statics on saving with Selden/Kreps-Porteus preferences ⋮ A rank-dependent utility model of uncertain lifetime ⋮ Utilitarianism, prioritarianism, and intergenerational equity: a cake eating model ⋮ International capital flows in the model with limited commitment and incomplete markets ⋮ Why uncertainty matters: discounting under intertemporal risk aversion and ambiguity ⋮ Portfolio choice with non-expected utility in continuous time ⋮ Comparative risk aversion: a formal approach with applications to saving behavior ⋮ Precautionary saving and the notion of ambiguity prudence ⋮ A measure of the sensitivity of saving to interest rate uncertainty with non-expected preferences ⋮ A note on demand for information: The OCE preferences case ⋮ Intertemporal recursive utility and an equilibrium asset pricing model in the presence of Lévy jumps ⋮ How do changes in risk and risk aversion affect self-protection with Selden/Kreps-Porteus preferences? ⋮ Nonexpected utility preferences in a temporal framework with an application to consumption-savings behaviour ⋮ Incomplete market demand tests for Kreps-Porteus-Selden preferences ⋮ The stock market premium, production, and relative risk aversion. A generalization ⋮ The ethics of intergenerational risk ⋮ Temporal von Neumann-Morgenstern and induced preferences ⋮ Time preferences, conditional risk preference, and two-period cardinal utility ⋮ Uncertain lifetime, risk aversion and intertemporal substitution ⋮ Delayed probabilistic risk attitude: a parametric approach ⋮ Temporal risk and the nature of induced preferences ⋮ An existence theorem of intertemporal recursive utility in the presence of Lévy jumps
This page was built for publication: A New Representation of Preferences over "Certain x Uncertain" Consumption Pairs: The "Ordinal Certainty Equivalent" Hypothesis