Utility theory with probability dependent outcome valuation: Extensions and applications

DOI10.1007/BF01083556zbMath0851.90016MaRDI QIDQ1916296

Edward E. Schlee, Edi Karni

Publication date: 25 November 1996

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

zbMATH Keywords

betweennessAllais paradoxnonexpected utility theoryBergen paradoxprobability dependent outcome valuation

Mathematics Subject Classification ID

Utility theory (91B16)

Related Items (4)

The preservation of multivariate comparative statics in nonexpected utility theory ⋮ Towards a more precise decision framework. A separation of the negative utility of chance from diminishing marginal utility and the preference for safety ⋮ On the statistical foundations of nonlinear utility theory: the case of status quo-dependent preferences. ⋮ Dynamic psychological games

Cites Work

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• Axiomatic utility theories with the betweenness property
• Transitive measurable utility
• An axiomatic characterization of preferences under uncertainty: Weakening the independence axiom
• Many good choice axioms: When can many-good lotteries be treated as money lotteries?
• Utility theory with probability-dependent outcome valuation
• A Generalization of the Quasilinear Mean with Applications to the Measurement of Income Inequality and Decision Theory Resolving the Allais Paradox
• Efficiency Analysis for Multivariate Distributions
• The Dual Theory of Choice under Risk
• Dominance Axioms and Multivariate Nonexpected Utility Preferences

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