Risk and uncertainty aversion on certainty equivalent functions
type: Item
instance of: scholarly article
zbMATH Open document ID: 0999.91006
author: Aldo Montesano
publication date: 2001-09-09T00:00:00Z
Mathematics Subject Classification ID: 91A30
Mathematics Subject Classification ID: 91A35
Mathematics Subject Classification ID: 91B06
zbMATH DE Number: 1643854
zbMATH Keywords: risk aversion
zbMATH Keywords: decision making under uncertainty
zbMATH Keywords: decision making under risk
zbMATH Keywords: rank dependent expected utility model
zbMATH Keywords: Choquet EU model
zbMATH Keywords: certainty equivalent function
zbMATH Keywords: finite lotteries
MaRDI profile type: Publication
title: Risk and uncertainty aversion on certainty equivalent functions
review text: The author discusses the decision making under risk and under uncertainty situations. On extending an earlier investigation (Montesano, 1995) in which risk aversions have been analyzed for two specific models, the rank dependent expected utility model and the Choquet EU model, in this paper the author considers very general preferences on lotteries and acts. That is, preferences are only assumed to be represented by a certainty equivalent function; no specific model is introduced. The analysis is done for finite lotteries and acts with unidimensional consequences.NEWLINENEWLINEFor the entire collection see [Zbl 0958.00049].
reviewed by: J. G. Steinebach
description: scientific article; zbMATH DE number 1643854