On the economic meaning of Machina's Fréchet differentiability assumption

DOI10.1006/JETH.2002.2926zbMath1015.91020OpenAlexW1978089698WikidataQ57918138 ScholiaQ57918138MaRDI QIDQ697962

Uzi Segal, Zvi Safra

Publication date: 18 September 2002

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

Full work available at URL: http://fmwww.bc.edu/EC-P/wp511.pdf

zbMATH Keywords

Fréchet differentiabilitypreferencessecond order risk aversion

Mathematics Subject Classification ID

Individual preferences (91B08)

Related Items (1)

Calibration without reduction for non-expected utility

Cites Work

• Unnamed Item
• \(L_ p\)-Fréchet differentiable preference and ``local utility analysis
• First order versus second order risk aversion
• Risk aversion in the theory of expected utility with rank dependent probabilities
• Observing different orders of risk aversion
• Payoff kinks in preferences over lotteries
• First-order risk aversion and non-differentiability
• "Expected Utility" Analysis without the Independence Axiom
• A Theory of Disappointment Aversion
• The Dual Theory of Choice under Risk

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