of lotteries. Dagsvik provides conditions under which there exists a linear utility function such that the probabilityof … straightforward extension of the Expected Utility Theorem …

utility by allowing the utility of an outcome to flexibly depend on its information content in an (Anscombe-Aumann) act …. Subjective beliefs are identified in a special class of our model where the utility of an outcome can be decomposed as the sum of … consumption utility and information utility. Our model allows for both information seeking and information averse preferences, as …

A practical guide to constructing a long-term investment portfolio using the theory of expected utility as developed in … the `All-weather' and `risk-parity' portfolios popularized by Bridgewater, AQR, and others …

risk aversion under the EUT. The standard time-separable form is recovered when the functions dictating the two attitudes … are identical. This approach differs from Kihlstrom and Mirman [1974, 1981] in two ways. First, risk aversion is defined … on a consumption amount rather than on utility. Second, the agent is allowed to trade his lottery outcome to optimize his …

In searching for the optimal preference-free solution for demand of risks, most existing models maximize risk …-averse agents' expected utility with an implicit constant-solution assumption a priori. For these problems with unique solution … for the portfolio separating distributions and cross hedging theory. Removing such assumption, a class of more general …

expected utility. The first part of our discussion focus on the relationship between central moments, different order integrals … and stochastic dominance as well as relationship between central moments, different order reversed integrals and risk … different form of expected utility. Part of our results could be viewed as a generalization of theorems in Chan, et al. (2012 …