Generalized Expected Utility Analysis of Multivariate Risk Aversion

DOI10.2307/2526648zbMath0674.90006OpenAlexW3123444676MaRDI QIDQ3829309

Edi Karni

Publication date: 1989

Published in: International Economic Review (Search for Journal in Brave)

Full work available at URL: https://ageconsearch.umn.edu/record/275439/files/TEL-AVIV-FSWP-118.pdf

zbMATH Keywords

risk aversiongeneralized expected utilitynonexpected utilitypreferences over multivariate distributions

Mathematics Subject Classification ID

Utility theory (91B16)

Related Items (10)

The preservation of multivariate comparative statics in nonexpected utility theory ⋮ A strong (Ross) characterization of multivariate risk aversion ⋮ Two errors in the `Allais impossibility theorem' ⋮ The Becker-deGroot-Marschak mechanism is not necessarily incentive compatible, even for non-random goods ⋮ Differentiability, comparative statics, and non-expected utility preference ⋮ Many good choice axioms: When can many-good lotteries be treated as money lotteries? ⋮ Many good risks: An interpretation of multivariate risk and risk aversion without the independence axiom ⋮ Concavity, stochastic utility, and risk aversion ⋮ Local Utility and Multivariate Risk Aversion ⋮ Comparative statics and non-expected utility preferences

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