Lotteries, insurance, and star-shaped utility functions

DOI10.1016/0022-0531(90)90064-QzbMath0721.90015OpenAlexW1983329390MaRDI QIDQ2641204

Isaac Meilijson, Michael Landsberger

Publication date: 1990

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

Full work available at URL: https://doi.org/10.1016/0022-0531(90)90064-q

zbMATH Keywords

risk averse behaviorStar-shaped utility functions

Mathematics Subject Classification ID

Utility theory (91B16)

Related Items (8)

The utility of gambling ⋮ Star-Shaped Risk Measures ⋮ Inequality indices and the starshaped principle of transfers ⋮ Preference for safety under the Choquet model: in search of a characterization ⋮ Four notions of mean-preserving increase in risk, risk attitudes and applications to the rank-dependent expected utility model ⋮ Pareto-optimal Contracts in an Insurance Market ⋮ Star-shaped probability weighting functions and overbidding in first-price auctions ⋮ Comparing risks with unbounded distributions

Cites Work

• Unnamed Item
• Optimal contracts and competitive markets with costly state verification
• A tale of two tails: an alternative characterization of comparative risk
• Strong Increases in Risk and Their Comparative Statics
• "Expected Utility" Analysis without the Independence Axiom
• The Existence of Probability Measures with Given Marginals
• Friedman-Savage Utility Functions Consistent with Risk Aversion

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