This article generalizes Savage's theory to include event-dependent preferences. The state space is partitioned into finitely many events. The induced preferences over consequences are assumed independent of the underlying states within, but not across, these events. This results in an additively se
โฆ LIBER โฆ
Subjective probabilities for state dependent continuous utility
โ Scribed by Peter Wakker
- Publisher
- Elsevier Science
- Year
- 1987
- Tongue
- English
- Weight
- 545 KB
- Volume
- 14
- Category
- Article
- ISSN
- 0165-4896
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
Subjective probabilities and utility wit
โ
Edi Karni
๐
Article
๐
1992
๐
Springer
๐
English
โ 993 KB
Subjective utility with upper and lower
โ
Yutaka Nakamura
๐
Article
๐
1993
๐
Springer
๐
English
โ 905 KB
Mean utility preserving increases in ris
โ
Michel Demers
๐
Article
๐
1987
๐
Springer US
๐
English
โ 654 KB
This paper i defines the concept of a mean utility preserving spread across states (MUPSAS) for state dependent utility functions and analyzes the behavioural impact of shifts in the probability distribution of wealth across states such that overall mean utility is preserved. The main result provide
Risk and risk aversion for state-depende
โ
David Kelsey
๐
Article
๐
1992
๐
Springer US
๐
English
โ 493 KB
This paper analyses risk and risk aversion in the state-dependent utility model, which is useful for modelling health or life insurance purchase. We use Karni's (1983) definition of risk aversion, and extend the class of risks to which it can be applied.
Delay-dependent model reduction for cont
โ
Dong Wang; Wei Wang; Peng Shi
๐
Article
๐
2011
๐
John Wiley and Sons
๐
English
โ 121 KB
๐ 2 views
Time-dependent calculation of the energy
โ
M. Monnerville; P. Halvick; J.C. Rayez
๐
Article
๐
1992
๐
Elsevier Science
๐
English
โ 882 KB