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Expected utility inequalities: theory and applications

โœ Scribed by Eduardo Zambrano


Publisher
Springer
Year
2007
Tongue
English
Weight
143 KB
Volume
36
Category
Article
ISSN
0938-2259

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## Abstract Gilboa and Schmeidler (1989) develop a set of axioms for decision making under uncertainty. The axioms imply a utility function and a set of distributions such that the preference ordering is obtained by calculating expected utility with respect to each distribution in the set, and then