Peters, Hans; Schulteis, Tim; Vermeulen, Dries - Maastricht : METEOR, Maastricht Research School of … - 2007
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.,...