On the economic meaning of Machina's Fréchet differentiability assumption

DOI10.1006/JETH.2002.2926zbMATH Open1015.91020DBLPjournals/jet/SafraS02OpenAlexW1978089698WikidataQ57918138 ScholiaQ57918138MaRDI QIDQ697962FDOQ697962

Authors: Zvi Safra, Uzi Segal 

Publication date: 18 September 2002

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: http://fmwww.bc.edu/EC-P/wp511.pdf

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zbMATH Keywords

preferencessecond order risk aversionFréchet differentiability

Mathematics Subject Classification ID

Individual preferences (91B08)

Cites Work

• "Expected Utility" Analysis without the Independence Axiom
• The Dual Theory of Choice under Risk
• Title not available (Why is that?)
• A Theory of Disappointment Aversion
• First order versus second order risk aversion
• Observing different orders of risk aversion
• Risk aversion in the theory of expected utility with rank dependent probabilities
• \(L_ p\)-Fréchet differentiable preference and ``local utility analysis
• First-order risk aversion and non-differentiability
• Payoff kinks in preferences over lotteries

Cited In (2)

• Introduction to the discussion of Maurice Fréchet's article
• Calibration without reduction for non-expected utility

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