The so-called expected utility theory is inadequate

DOI10.1016/0165-4896(84)90085-4zbMath0547.90006OpenAlexW2071497750MaRDI QIDQ799226

Komayuki Ito, Yo Fukuba

Publication date: 1984

Published in: Mathematical Social Sciences (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0165-4896(84)90085-4

zbMATH Keywords

semigroupexpected utility theoryspreadutility measurementasset integrationCE functionRisky initial wealth

Mathematics Subject Classification ID

Utility theory (91B16)

Cites Work

• "Expected Utility" Analysis without the Independence Axiom
• Prospect Theory: An Analysis of Decision under Risk
• A Stronger Characterization of Declining Risk Aversion
• Risk Aversion in the Small and in the Large
• A general theory of measurement applications to utility
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