Temporal von Neumann-Morgenstern and induced preferences

From MaRDI portal
Publication:1259259

DOI10.1016/0022-0531(79)90063-2zbMath0409.90004OpenAlexW2034466528MaRDI QIDQ1259259

Evan L. Porteus, David M. Kreps

Publication date: 1979

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0022-0531(79)90063-2




Related Items (24)

Conditional preference orders and their numerical representationsEquivalence between time consistency and nested formulaAn axiomatic characterization of preferences under uncertainty: Weakening the independence axiomExperimentation with heteroskedastic noiseA challenge to the compound lottery axiom: A two-stage normative structure and comparison to other theoriesOptimal investment and benefit adjustment problem for a target benefit pension plan with Cobb-Douglas utility and Epstein-Zin recursive utilityFlexibility, endogenous risk, and the protection premiumBayesian decision theory with action-dependent probabilities and risk attitudesThe tradeoff between risk sharing and information production in financial marketsA correspondence theorem between expected utility and smooth utilityConditional non-expected utility preferences induced by mixture of lotteries: a note on the normative invalidity of expected utility theoryDiscounting axioms imply risk neutralityParameter-dependent stochastic optimal control in finite discrete timeRelative concave utility for risk and ambiguityPortfolio choice, attention allocation, and price comovementUnique induced preference representationsOptimal consumption and investment with Epstein-Zin recursive utilityEquilibrium without independenceAn additive model of decision making under risk and ambiguityIntrinsic preference for informationComparative statics and non-expected utility preferencesRisk aversion and the elasticity of substitution in general dynamic portfolio theory: consistent planning by forward looking, expected utility maximizing investorsTemporal risk and the nature of induced preferencesViolations of the betweenness axiom and nonlinearity in probability



Cites Work




This page was built for publication: Temporal von Neumann-Morgenstern and induced preferences