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Non-Expected Utility and The Robustness of the Classical Insurance Paradigm: Discussion

โœ Scribed by Karni, Edi

Book ID
112480540
Publisher
Springer
Year
1995
Tongue
English
Weight
327 KB
Volume
20
Category
Article
ISSN
1573-6954

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๐Ÿ“œ SIMILAR VOLUMES

Non-expected utility and the robustness
Non-expected utility and the robustness of the classical insurance paradigm : 074070 (E12) Machina M.J., University of California-San Diego, USA, The Geneva Papers on Risk and Insurance, Vol. 20, nr. 01, 1995, pp. 9โ€“50
๐Ÿ“‚ Article ๐Ÿ“… 1996 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 228 KB

Lute and Fishburn (1991) derived a general rank-dependent utility model using an operation @ of joint receipt. Their argument rested on an empirically supported property (now) called segregation and on the assumption that utility is additive over CD. This note generalizes that conclusion to the cas