Probabilistic risk aversion with an arbitrary outcome set

DOI10.1016/j.econlet.2011.03.004zbMath1217.91038OpenAlexW1998790611MaRDI QIDQ553866

Pavlo R. Blavatskyy

Publication date: 28 July 2011

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

Full work available at URL: https://doi.org/10.1016/j.econlet.2011.03.004

zbMATH Keywords

risk aversionprobabilistic choicefechner modelluce choice modelmore risk averse thanstrong utility model

Mathematics Subject Classification ID

Decision theory (91B06) Utility theory (91B16)

Related Items (2)

Explaining deviations from equilibrium in auctions with avoidable fixed costs ⋮ Stronger utility

Cites Work

• `Stochastically more risk averse': a contextual theory of stochastic discrete choice under risk
• Convex functions on non-convex domains
• Stochastic utility theorem
• Stochastic expected utility theory
• Risk attitude under random utility
• "Expected Utility" Analysis without the Independence Axiom
• The Predictive Utility of Generalized Expected Utility Theories
• Investigating Generalizations of Expected Utility Theory Using Experimental Data
• Risk Aversion in the Small and in the Large
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