Showing 1 - 10 of 21
Persistent link: https://www.econbiz.de/10012000994
Persistent link: https://www.econbiz.de/10012000986
Persistent link: https://www.econbiz.de/10012299252
Persistent link: https://www.econbiz.de/10010388232
Persistent link: https://www.econbiz.de/10010390430
Persistent link: https://www.econbiz.de/10011350625
Persistent link: https://www.econbiz.de/10012000975
Persistent link: https://www.econbiz.de/10011705459
Persistent link: https://www.econbiz.de/10011814074
Many violations of the Independence axiom of Expected Utility can be traced to subjects' attraction to risk-free prospects. The key axiom in this paper, Negative Certainty Independence (Dillenberger, 2010), formalizes this tendency. Our main result is a utility representation of all preferences...
Persistent link: https://www.econbiz.de/10012856777