Subjective expected utility with nonincreasing risk aversion

DOI10.1007/BF02283522MaRDI QIDQ919975zbMATH OpenOpenAlexFDO

Authors Peter P. Wakker

Publication date 1989

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

Full work available at URL https://doi.org/10.1007/bf02283522

zbMATH Keywords

sure-thing principlemonotonic continuous weak orders

Mathematics Subject Classification ID

Utility theory (91B16)

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Cites work

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• Additively decomposed quasiconvex functions
• Cardinal coordinate independence for expected utility
• On the empirical status of axioms in theories of fundamental measurement
• Risk Aversion in the Small and in the Large

Cited in

(8)

• A simple axiomatization of risk-averse expected utility
• Willingness to pay for risk reduction and risk aversion without the expected utility assumption
• Risk-neutral firms can extract unbounded profits from consumers with prospect theory preferences
• Measures of risk aversion with expected and nonexpected utility
• Hedonic Utility, Loss Aversion and Moral Hazard
• Regret aversion and opportunity dependence
• Expected subjective utility: Is the Neumann-Morgenstern utility the same as the Neoclassical's?
• Efficient sets with and without the expected utility hypothesis

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