Temporal risk and the nature of induced preferences
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Publication:792197
DOI10.1016/0022-0531(84)90087-5zbMath0536.90013OpenAlexW2025102824MaRDI QIDQ792197
Publication date: 1984
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/0022-0531(84)90087-5
expected utility theorysupport functionsgeneralized expected utility analysistemporal risky prospects
Related Items (27)
An axiomatic characterization of preferences under uncertainty: Weakening the independence axiom ⋮ Experimentation with heteroskedastic noise ⋮ Economic choice in generalized expected utility theory ⋮ Bayesian decision theory with action-dependent probabilities and risk attitudes ⋮ Time and risk ⋮ Individual fairness in Harsanyi's utilitarianism: operationalizing all-inclusive utility ⋮ Supermodularity and risk aversion ⋮ The likelihood of various stock market return distributions. I: Principles of inference ⋮ A correspondence theorem between expected utility and smooth utility ⋮ Two errors in the `Allais impossibility theorem' ⋮ Conditional non-expected utility preferences induced by mixture of lotteries: a note on the normative invalidity of expected utility theory ⋮ Towards a more precise decision framework. A separation of the negative utility of chance from diminishing marginal utility and the preference for safety ⋮ The LeChatelier principle for changes in risk ⋮ On concave functions over lotteries ⋮ A nonsmooth approach to nonexpected utility theory under risk ⋮ The ordinal egalitarian bargaining solution for finite choice sets ⋮ Unique induced preference representations ⋮ Comparative statics for rank-dependent expected utility theory ⋮ Differentiability, comparative statics, and non-expected utility preference ⋮ Quantal response equilibrium and overbidding in private-value auctions ⋮ Equilibrium without independence ⋮ A new methodology for studying the equity premium ⋮ Costly information acquisition ⋮ On the definition of risk aversion ⋮ Intrinsic preference for information ⋮ Comparative statics and non-expected utility preferences ⋮ On the consensus effect
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