Uncertainty averse preferences

被引：131

作者：

Cerreia-Vioglio, S. ^{[1
,2
]}

Maccheroni, F. ^{[1
,2
]}

Marinacci, M. ^{[1
,2
]}

Montrucchio, L. ^{[3
]}

机构：

[1] Univ Bocconi, Dept Decis Sci, Milan, Italy

[2] Univ Bocconi, IGIER, Milan, Italy

[3] Univ Turin, Coll Carlo Alberto, I-10124 Turin, Italy

来源：

JOURNAL OF ECONOMIC THEORY | 2011年 / 146卷 / 04期

基金：

欧洲研究理事会;

关键词：

Ambiguity; Games against nature; Smooth ambiguity preferences; Uncertainty aversion; Variational preferences; EXPECTED UTILITY; AMBIGUITY; DEFINITION; PROBABILITY; INTEGRALS; BELIEFS; MODEL;

D O I：

10.1016/j.jet.2011.05.006

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We study uncertainty averse preferences, that is, complete and transitive preferences that are convex and monotone. We establish a representation result, which is at the same time general and rich in structure. Many objective functions commonly used in applications are special cases of this representation. (C) 2011 Elsevier Inc. All rights reserved.

引用

页码：1275 / 1330

页数：56

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