Two errors in the `Allais impossibility theorem'

DOI10.1007/BF01362234zbMath0847.90025MaRDI QIDQ1906050

Machina, Mark J.

Publication date: 13 October 1996

Published in: Theory and Decision (Search for Journal in Brave)

zbMATH Keywords

local utility functiongeneralized expected utility analysisAllais imposibility theorem

Mathematics Subject Classification ID

Utility theory (91B16)

Cites Work

• \(L_ p\)-Fréchet differentiable preference and ``local utility analysis
• Temporal risk and the nature of induced preferences
• Risk aversion in the theory of expected utility with rank dependent probabilities
• A correspondence theorem between expected utility and smooth utility
• Differentiability, comparative statics, and non-expected utility preference
• Smooth preferences and the approximate expected utility hypothesis
• The Ross Characterization of Risk Aversion: Strengthening and Extension
• Generalized Expected Utility Analysis of Risk Aversion with State-Dependent Preferences
• Generalized Expected Utility Analysis of Multivariate Risk Aversion
• "Expected Utility" Analysis without the Independence Axiom
• Risk Aversion in the Small and in the Large
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