Relative concave utility for risk and ambiguity

DOI10.1016/J.GEB.2012.01.006MaRDI QIDQ423712zbMATHOpenAlexWikidataFDO

Authors Aurélien Baillon, Bram Driesen, Peter P. Wakker

Publication date 4 June 2012

Published in Games and Economic Behavior (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.geb.2012.01.006

zbMATH Keywords

Knightian uncertaintysubjective probabilitymore ambiguity aversemore risk aversenonexpected utility

Mathematics Subject Classification ID

Utility theory (91B16) Utility theory for games (91A30)

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Cited in

(11)

• Introduction to the special issue in honor of Peter Wakker
• Range convexity and ambiguity averse preferences
• An extension of quasi-hyperbolic discounting to continuous time
• Convex and decreasing absolute risk aversion is proper
• Concavity, stochastic utility, and risk aversion
• Comparing uncertainty aversion towards different sources
• A powerful tool for analyzing concave/convex utility and weighting functions
• A belief-based definition of ambiguity aversion
• Source and rank-dependent utility
• A revealed reference point for prospect theory
• Discrete Arrow-Pratt indexes for risk and uncertainty

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