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Consistent preferences and the allocation of effort under uncertainty: The case of risk-averse behavior

โœ Scribed by Robert A. Sproule


Book ID
116100251
Publisher
Elsevier Science
Year
1987
Tongue
English
Weight
342 KB
Volume
24
Category
Article
ISSN
0165-1765

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๐Ÿ“œ SIMILAR VOLUMES


The ordinal utility under uncertainty an
โœ Aldo Montesano ๐Ÿ“‚ Article ๐Ÿ“… 1985 ๐Ÿ› Springer US ๐ŸŒ English โš– 427 KB

THE ORDINAL UTILITY UNDER UNCERTAINTY AND THE MEASURE OF RISK AVERSION IN TERMS OF PREFERENCES 1. INTRODUCTION A choice is said to be rational if it follows a criterion, which is usually introduced as a preference model. The von Neumann-Morgenstern theory 1 not only assumes such a rationality but al