Query:
faculty: "FEB" and publication year: "1989"
| Author | P.P. Wakker | | Title | Subjective expected utility with non-increasing risk aversion |
| Journal | Annals of operation research |
| Volume | 22 |
| Year | 1989 |
| Pages | 219-228 |
| ISSN | 02545330 |
| Faculty | Faculty of Economics and Business |
| Institute/dept. | FEB: Research Institute in Economics and Econometrics Amsterdam (RESAM) |
| Keywords | Decision-making; Utility; Risk; Perception |
| Abstract | It is shown that assumptions about risk aversion, usually studied under the presupposition of expected utility maximization, have a surprising extra merit at an earlier stage of the measurement work: together with the sure-thing principle, these assumptions imply subjective expected utility maximization, for monotonic continuous weak orders. |
| Document type | Article |
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