Expected utility without continuity: A comment on Delbaen et al. (2011)
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DOI: 10.1016/j.jmateco.2012.09.005
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References listed on IDEAS
- Amit Kothiyal & Vitalie Spinu & Peter Wakker, 2011. "Prospect theory for continuous distributions: A preference foundation," Journal of Risk and Uncertainty, Springer, vol. 42(3), pages 195-210, June.
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Econometrica, Econometric Society, vol. 39(2), pages 403-404, March.
- SCHMEIDLER, David, 1971. "A condition for the completeness of partial preference relations," LIDAM Reprints CORE 86, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Delbaen, Freddy & Drapeau, Samuel & Kupper, Michael, 2011. "A von Neumann–Morgenstern representation result without weak continuity assumption," Journal of Mathematical Economics, Elsevier, vol. 47(4-5), pages 401-408.
- Kopylov, Igor, 2010. "Simple axioms for countably additive subjective probability," Journal of Mathematical Economics, Elsevier, vol. 46(5), pages 867-876, September.
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Cited by:
- Harin, Alexander, 2014. "Problems of utility and prospect theories. Certainty effect near certainty," MPRA Paper 61026, University Library of Munich, Germany.
- Harin, Alexander, 2014. "Problems of utility and prospect theories. A discontinuity of Prelec’s function," MPRA Paper 61027, University Library of Munich, Germany.
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Keywords
Expected utility; Von Neumann–Morgenstern independence; Finite additivity; Unbounded utility; Truncation-continuity;All these keywords.
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