Generalized stochastic dominance and bad outcome aversion

Incomplete preferences over lotteries on a ¯nite set of alternatives satisfying, besides independence and continuity, a property called bad outcome aversion are considered. These preferences are characterized in terms of their speci¯c multi-expected utility representations (cf. Dubra et al., 2004), and can be seen as generalized stochastic dominance preferences.

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Year of publication:	2007
Authors:	Hans, Peters ; Tim, Schulteis ; Dries, Vermeulen
Institutions:	Graduate School of Business and Economics (GSBE), School of Business and Economics
Subject:	mathematical economics

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Extent:	application/pdf
Series:	Research Memorandum.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Research Memoranda Number 031
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011160267