revealed preference conditions for subjective expected utility, maxmin expected utility, and multiplier preferences are …

In the expected-utility theory of the monetary value of a statistical life, the so-called "dead-anyway" effect … risk increases with the initial level of risk. Their reasoning is based on differences in the marginal utility of wealth …: first, for a risk-averse individual without a bequest motive, marginal WTP for survival does increase with the level of risk …

In the expected-utility theory of the monetary value of a statistical life, the so-called dead-anyway effect discovered … risk increases with the initial level of risk. Their reasoning is based on differences in the marginal utility of wealth …: first, for a risk-averse individual without a bequest motive, marginal WTP for survival does increase with the level of risk …

risk aversion is sufficient. These results highlight the importance of the specification of the utility function and its … in the spirit of the literature on precautionary savings. We find that boundedness of the utility function, in particular … a bounded utility function, we show that in a standard two-period setting, prudence is no longer sufficient to ensure a …