Strong one-switch utility

被引：25

作者：

Bell, DE ^{[1
]}

Fishburn, PC

机构：

[1] Harvard Univ, Sch Business, Boston, MA 02163 USA

[2] AT&T Labs Res, Shannon Lab, Florham Park, NJ 07932 USA

来源：

MANAGEMENT SCIENCE | 2001年 / 47卷 / 04期

关键词：

decision under risk; expected utility; utility functions; one-switch preferences; utility of wealth;

D O I：

10.1287/mnsc.47.4.601.9825

中图分类号：

C93 [管理学];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ;

摘要：

The linear plus exponential utility function has received increasing attention of late as a particularly attractive family for evaluating additive gambles;for wealth. In,addition to its ability to reflect increasing appreciation for money, risk aversion, and decreasing risk. aversion, it is consistent with a risk-return representation in-which return is measured by expected value. In this paper we present a new condition, strong one-switch, that characterizes the Linear plus exponential family.

引用

页码：601 / 604

页数：4

共 8 条

[1] RISK, RETURN, AND UTILITY [J].