The ordinal utility under uncertainty an
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Aldo Montesano
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Article
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1985
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Springer US
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English
β 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