Revealed Preference offers nonparametric tests for whether consumption observations can be rationalized by a utility … deviations from utility maximation …

This paper analyzes individual decision making under risk. It is assumed that an individual does not have a preference … one lottery being chosen over the other. Choice probabilities have a stochastic utility representation if they can be … stochastic utility representation if and only if they are complete, strongly transitive, continuous, independent of common …

-time models and stylized facts reported in the literature. We work within expected utility theory for portfolio selection with … constant relative risk aversion utility. The method extends a recursive polynomial exponential approximation framework by … market price of risk, a 4/2 model with jumps, and an Ornstein-Uhlenbeck 4/2 model. In only one case, the closed-form solution …

The quasi-linear quadratic utility model is widely used in economics. The knowledge of its exact origin is less …