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Stochastic dominance and Friedman-Savage utility functions

✍ Scribed by Dominique Thon; Lars Thorlund-Petersen


Book ID
107908773
Publisher
Elsevier Science
Year
1988
Tongue
English
Weight
856 KB
Volume
16
Category
Article
ISSN
0165-4896

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πŸ“œ SIMILAR VOLUMES


Under stochastic dominance Choquet-expec
✍ Peter Wakker πŸ“‚ Article πŸ“… 1990 πŸ› Springer US 🌐 English βš– 625 KB

The aim of this paper is to convince the reader that Choquet-expected utility, as initiated by Schmeidler (1982Schmeidler ( , 1989) ) for decision making under uncertainty, when formulated for decision making under risk naturally leads to anticipated utility, as initiated by Quiggin/Yaari. Thus the