Risk attitudes in axiomatic decision theory: a conceptual perspective

DOI10.1007/S11238-017-9636-6MaRDI QIDQ683522zbMATH OpenOpenAlexFDO

Authors Jean Baccelli

Publication date 8 February 2018

Published in Theory and Decision (Search for Journal in Brave)

Full work available at URL http://philsci-archive.pitt.edu/16225/1/BaccelliAxiomaticsRiskAttitudeConcepts_v4.pdf

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zbMATH Keywords

Allais paradoxcautious expected utilityconditional certainty equivalentnon-expected utilityrank-dependent utilityrisk aversion

Mathematics Subject Classification ID

Individual preferences (91B08) Utility theory (91B16)

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Cites work

• "Expected Utility" Analysis without the Independence Axiom
• A Schur concave characterization of risk aversion for non-expected utility preferences
• A Theory of Disappointment Aversion
• A unifying approach to axiomatic non-expected utility theories
• A unifying approach to axiomatic non-expected utility theories: Correction and comment
• Advances in prospect theory: cumulative representation of uncertainty
• Allais, Ellsberg, and preferences for hedging
• An axiomatic characterization of preferences under uncertainty: Weakening the independence axiom
• Analysis of information feedback and selfconfirming equilibrium
• Axiomatic utility theories with the betweenness property
• Cautious Expected Utility and the Certainty Effect
• Comonotonicity axioms and rank-dependent expected utility theory for arbitrary consequences
• Comparative risk aversion: a formal approach with applications to saving behavior
• Continuity Properties of Paretian Utility
• First order versus second order risk aversion
• From sure to strong diversification
• scientific article; zbMATH DE number 3339023 (Why is no real title available?)
• scientific article; zbMATH DE number 3366923 (Why is no real title available?)
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• Nontransitive measurable utility
• Preference for safety under the Choquet model: in search of a characterization
• Prospect Theory: An Analysis of Decision under Risk
• Recursive ambiguity and Machina's examples
• Risk aversion in RDEU
• Risk aversion in the theory of expected utility with rank dependent probabilities
• Risk seeking with diminishing marginal utility in a non-expected utility model
• Subjective Probability and Expected Utility without Additivity
• The Dual Theory of Choice under Risk
• Theory of games and economic behavior.
• Two-Stage Lotteries without the Reduction Axiom

Cited in

(2)

• Risk aversion over finite domains
• Welfare vs. utility

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