Uncertainty Averse Preferences

We study uncertainty averse preferences, that is, complete and transitive preferences that are convex and monotone. We establish a representation result, which is at same time general and rich in structure. Many objective functions commonly used in applications are special cases of this representation.

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Year of publication:	2008
Authors:	Cerreia-Vioglio, Simone ; Maccheroni, Fabio ; Marinacci, Massimo ; Montrucchio, Luigi
Institutions:	Collegio Carlo Alberto, Università degli Studi di Torino
Subject:	ambiguity aversion \| games against nature \| model uncertainty \| smooth ambiguity preferences \| variational preferences

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Extent:	application/pdf
Series:	Carlo Alberto Notebooks.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 77 81 pages
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005094068