Risk aversion in the small and in the large: Calibration results for betweenness functionals

DOI10.1007/S11166-008-9057-6zbMath1165.91012OpenAlexW2087441309WikidataQ57923888 ScholiaQ57923888MaRDI QIDQ1025623

Zvi Safra, Uzi Segal

Publication date: 19 June 2009

Published in: Journal of Risk and Uncertainty (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s11166-008-9057-6

zbMATH Keywords

risk aversionbetweenness functionalscalibration results

Mathematics Subject Classification ID

Utility theory (91B16)

Related Items (2)

Is there a plausible theory for decision under risk? A dual calibration critique ⋮ Calibration without reduction for non-expected utility

Cites Work

• Axiomatic utility theories with the betweenness property
• Transitive measurable utility
• An axiomatic characterization of preferences under uncertainty: Weakening the independence axiom
• Advances in prospect theory: cumulative representation of uncertainty
• Constant risk aversion
• Small- and large-stakes risk aversion: Implications of concavity calibration for decision theory
• Dilemmas of an Economic Theorist
• Calibration Results for Non-Expected Utility Theories
• A Generalization of the Quasilinear Mean with Applications to the Measurement of Income Inequality and Decision Theory Resolving the Allais Paradox
• "Expected Utility" Analysis without the Independence Axiom
• Mixture Symmetry and Quadratic Utility
• A Theory of Disappointment Aversion
• Prospect Theory: An Analysis of Decision under Risk
• The reflection effect for constant risk averse agents

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