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Query: faculty: "FEB" and publication year: "1986"

AuthorsP.P. Wakker, H.J.M. Peters, T.B.P.L. van Riel
TitleComparisons of risk aversion, with an application to bargaining
JournalMethods of operations research
Volume54
Year1986
Pages307-320
ISSN0173752X
FacultyFaculty of Economics and Business
Institute/dept.FEB: Research Institute in Economics and Econometrics Amsterdam (RESAM)
KeywordsDecision-making; Mathematical methods; Risk; Uncertainty
AbstractKey results of Pratt (1964), and Arrow (1971), Yaari (1969), and Kihlstrom & Mirman (1974) on the comparability of the risk aversion of different decision makers, are extended to completely general consequence sets, without any restriction on the utility functions, for decision making under risk, and to topologically connected consequence spaces with continuous utility functions, for decision making under uncertainty. An application to bargaining theory is given.
Document typeArticle
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