Risk and risk aversion when states of nature matter

DOI10.1007/S00199-008-0388-YMaRDI QIDQ836874zbMATH OpenOpenAlexFDO

Authors Jan Werner

Publication date 9 September 2009

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00199-008-0388-y

zbMATH Keywords

conditional expectationsefficient claimsmean-independent riskrisk aversion

Mathematics Subject Classification ID

Utility theory (91B16)

Recommendations

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Cites work

• A Price Characterization of Efficient Random Variables
• A Schur concave characterization of risk aversion for non-expected utility preferences
• A simple axiomatization of risk-averse expected utility
• A theory of medical decision making under uncertainty
• scientific article; zbMATH DE number 3724209 (Why is no real title available?)
• scientific article; zbMATH DE number 1218462 (Why is no real title available?)
• scientific article; zbMATH DE number 3395591 (Why is no real title available?)
• Inequalities: theory of majorization and its applications
• Maxmin expected utility with non-unique prior
• Portfolio Efficient Sets
• Risk Aversion in the Small and in the Large
• Subjective Probability and Expected Utility without Additivity

Cited in

(4)

• Risk and risk aversion for state-dependent utility
• Concavity, stochastic utility, and risk aversion
• Risk aversion for variational and multiple-prior preferences
• Risk, ambiguity, and state-preference theory

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