Representing risk preferences in expected utility based decision models

DOI10.1007/S10479-008-0381-7MaRDI QIDQ993718zbMATH OpenOpenAlexFDO

Authors Jack Meyer

Publication date 20 September 2010

Published in Annals of Operations Research (Search for Journal in Brave)

Full work available at URL http://ageconsearch.umn.edu/record/9380/files/cp07me02.pdf

zbMATH Keywords

expected utilityrisk preferencesmarginal utility

Mathematics Subject Classification ID

Decision theory (91B06) Utility theory (91B16)

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Cites work

• scientific article; zbMATH DE number 3342731 (Why is no real title available?)
• A Note on Generating Globally Regular Indirect Utility Functions
• Optimum consumption and portfolio rules in a continuous-time model
• Prospect Theory: An Analysis of Decision under Risk
• Relative risk aversion: what do we know?
• Risk Aversion in the Small and in the Large
• The Pearson system of utility functions

Cited in

(21)

• A measure of risk and a decision-making model based on expected utility and entropy
• Evaluating decision maker ``type under \(p\)-additive utility representations
• The Pearson system of utility functions
• Structured Prescriptive Models of Risk Attitudes
• Preferences with frames: A new utility specification that allows for the framing of risks
• Constant Exchange Risk Properties
• Sourcing decision under interconnected risks: an application of mean-variance preferences approach
• Stability, efficiency, and contentedness of social storage networks
• Sometimes more, sometimes less: prudence and the diversification of risky insurance coverage
• Modeling attitudes towards uncertainty and risk through the use of Choquet integral
• Multi-utility representations of incomplete preferences induced by set-valued risk measures
• Utility functions based on net present worth
• A Diamond-Stiglitz approach to the demand for self-protection
• Eliciting risk preferences using choice lists
• Security level, potential level, expected utility: a three-criteria decision model under risk
• Representation of preferences by quasi-linear means
• Risk averse preference models for normalised lotteries based on simulation
• Utility basis of consumption and investment decisions in a risk environment
• Discrete Arrow-Pratt indexes for risk and uncertainty
• Retail service for mixed retail and e-tail channels
• Onbespokedecision-aid under risk: the engineering behind preference elicitation

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