A simple axiomatization of risk-averse expected utility

DOI10.1016/J.ECONLET.2004.12.018zbMath1254.91153OpenAlexW1974830029MaRDI QIDQ1927864

Jan Werner

Publication date: 2 January 2013

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.econlet.2004.12.018

zbMATH Keywords

expected utilityrisk aversionindependence axiom

Mathematics Subject Classification ID

Utility theory (91B16)

Related Items (4)

Risk and risk aversion when states of nature matter ⋮ Source and rank-dependent utility ⋮ Smooth aggregation of Bayesian experts ⋮ A simplified axiomatic approach to ambiguity aversion

Cites Work

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• Cardinal coordinate independence for expected utility
• Subjective expected utility with nonincreasing risk aversion
• A note on Savage's theorem with a finite number of states
• Savage's theorem with a finite number of states
• Finite State Space and Expected Utility Maximization

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