observable events are regular open subsets of S. We axiomatically characterize Subjective Expected Utility (SEU) representations … of conditional preferences over acts, involving a continuous utility function on X (unique up to positive affine …

determinants of risk for farmers with limited literacy and capabilities. It also compared two methods- expected utility theory and … prospect theory and found significant risk aversion and probability distortion. This study also found socioeconomic …In developing world, the risk behavior of farmers is very crucial as their daily risk and uncertainty decisions affect …

agents in the economy are heterogeneous in their preference for uncertainty. Each utility functional is a variational type …. The existence of equilibrium is approached by a generalized excess utility fixed point argument. Such Arrow …