Strong One-Switch Utility
Author
Abstract
Suggested Citation
DOI: 10.1287/mnsc.47.4.601.9825
Download full text from publisher
References listed on IDEAS
- Peter H. Farquhar & Yutaka Nakamura, 1987. "Constant Exchange Risk Properties," Operations Research, INFORMS, vol. 35(2), pages 206-214, April.
- David E. Bell, 1988. "One-Switch Utility Functions and a Measure of Risk," Management Science, INFORMS, vol. 34(12), pages 1416-1424, December.
- David E. Bell, 1995. "A Contextual Uncertainty Condition for Behavior Under Risk," Management Science, INFORMS, vol. 41(7), pages 1145-1150, July.
- Gregory M. Gelles & Douglas W. Mitchell, 1999. "Broadly Decreasing Risk Aversion," Management Science, INFORMS, vol. 45(10), pages 1432-1439, October.
- Nakamura, Yutaka, 1996. "Sumex utility functions," Mathematical Social Sciences, Elsevier, vol. 31(1), pages 39-47, February.
- Bell, David E & Fishburn, Peter C, 2000. "Utility Functions for Wealth," Journal of Risk and Uncertainty, Springer, vol. 20(1), pages 5-44, January.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Cary Deck & Harris Schlesinger, 2010.
"Exploring Higher Order Risk Effects,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 77(4), pages 1403-1420.
- Cary Deck & Harris Schlesinger, 2008. "Exploring Higher-Order Risk Effects," CESifo Working Paper Series 2487, CESifo.
- Dionne, Georges & Li, Jingyuan, 2014.
"Comparative Ross risk aversion in the presence of mean dependent risks,"
Journal of Mathematical Economics, Elsevier, vol. 51(C), pages 128-135.
- Georges Dionne & Jingyuan Li, 2012. "Comparative Ross Risk Aversion in the Presence of Mean Dependent Risks," Cahiers de recherche 1211, CIRPEE.
- Dionne, Georges & Li, Jingyuan, 2013. "Comparative Ross risk aversion in the presence of mean dependent risks," Working Papers 12-2, HEC Montreal, Canada Research Chair in Risk Management.
- Ilia Tsetlin & Robert L. Winkler, 2009. "Multiattribute Utility Satisfying a Preference for Combining Good with Bad," Management Science, INFORMS, vol. 55(12), pages 1942-1952, December.
- Carlos Rodríguez Raposo & Pablo Coello Pulido, 2021. "Ergodicity transformation for additive-ruin wealth dynamic," Working Papers hal-03198073, HAL.
- Conniffe, Denis, 2008.
"Generalised Means of Simple Utility Functions with Risk Aversion,"
The Economic and Social Review, Economic and Social Studies, vol. 39(1), pages 1-12.
- Denis Conniffe, 2007. "Generalised Means of Simple Utility Functions with Risk Aversion," Economics Department Working Paper Series n1790907.pdf, Department of Economics, National University of Ireland - Maynooth.
- Louis Eeckhoudt & Liqun Liu & Jack Meyer, 2017.
"Restricted increases in risk aversion and their application,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 64(1), pages 161-181, June.
- Louis Eeckhoudt & Liqun Liu & Jack Meyer, 2016. "Restricted increases in risk aversion and their application," Post-Print hal-01533535, HAL.
- Sancetta, A., 2005. "Copula Based Monte Carlo Integration in Financial Problems," Cambridge Working Papers in Economics 0506, Faculty of Economics, University of Cambridge.
- Denuit, Michel M. & Eeckhoudt, Louis & Schlesinger, Harris, 2013.
"When Ross meets Bell: The linex utility function,"
Journal of Mathematical Economics, Elsevier, vol. 49(2), pages 177-182.
- Denuit, M. & Eeckhoudt, L. & Schlesinger, H., 2011. "When Ross meets Bell: the linex utility function," LIDAM Discussion Papers ISBA 2011014, Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA).
- DENUIT, Michel M. & EECKHOUDT, Louis & SCHLESINGER, Harris, 2013. "When Ross meets Bell: the linex utility function," LIDAM Reprints CORE 2496, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- M. Denuit & L. Eeckhoudt & H. Schlesinger, 2013. "When ross meets bell: the linex utility function," Post-Print hal-00845936, HAL.
- Denuit, Michel & Eeckhoudt, Louis & Schlesinger, Harris, 2013. "When Ross meets Bell: The linex utility function," LIDAM Reprints ISBA 2013013, Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA).
- Ilia Tsetlin & Robert L. Winkler, 2012. "Multiattribute One-Switch Utility," Management Science, INFORMS, vol. 58(3), pages 602-605, March.
- Nina Anchugina, 2017. "One-Switch Discount Functions," Papers 1702.02254, arXiv.org.
- Hui Chen Chiang, 2007. "Optimal prepayment behaviour," Applied Economics Letters, Taylor & Francis Journals, vol. 14(15), pages 1127-1129.
- HuiChen Chiang, 2007. "Financial intermediary's choice of borrowing," Applied Economics, Taylor & Francis Journals, vol. 40(2), pages 251-260.
- Georges Dionne & Jingyuan Li, 2012.
"Comparative Ross Risk Aversion in the Presence of Quadrant Dependent Risks,"
Cahiers de recherche
1226, CIRPEE.
- Dionne, Georges & Li, Jingyuan, 2012. "Comparative Ross risk aversion in the presence of quadrant dependent risks," Working Papers 12-7, HEC Montreal, Canada Research Chair in Risk Management.
- Electra V. Petracou & Anastasios Xepapadeas & Athanasios N. Yannacopoulos, 2022. "Decision Making Under Model Uncertainty: Fréchet–Wasserstein Mean Preferences," Management Science, INFORMS, vol. 68(2), pages 1195-1211, February.
- Wang, Jianli & Li, Jingyuan, 2014. "Decreasing Ross risk aversion: Higher-order generalizations and implications," Journal of Mathematical Economics, Elsevier, vol. 55(C), pages 136-142.
- Andrea C. Hupman & Jay Simon, 2023. "The Legacy of Peter Fishburn: Foundational Work and Lasting Impact," Decision Analysis, INFORMS, vol. 20(1), pages 1-15, March.
- Sancetta, A. & Satchell, S.E., 2004. "Cost of Capital and Regulator’s Preferences: Investigation into a new method of estimating regulatory bias," Cambridge Working Papers in Economics 0441, Faculty of Economics, University of Cambridge.
- Craig W. Kirkwood, 2004. "Approximating Risk Aversion in Decision Analysis Applications," Decision Analysis, INFORMS, vol. 1(1), pages 51-67, March.
- Bjørn Sandvik & Lars Thorlund-Petersen, 2010. "Sensitivity Analysis of Risk Tolerance," Decision Analysis, INFORMS, vol. 7(3), pages 313-321, September.
- Henry Stott, 2006. "Cumulative prospect theory's functional menagerie," Journal of Risk and Uncertainty, Springer, vol. 32(2), pages 101-130, March.
- BakIr, Niyazi Onur & Klutke, Georgia-Ann, 2011. "Information and preference reversals in lotteries," European Journal of Operational Research, Elsevier, vol. 210(3), pages 752-756, May.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Conniffe, Denis, 2008.
"Generalised Means of Simple Utility Functions with Risk Aversion,"
The Economic and Social Review, Economic and Social Studies, vol. 39(1), pages 1-12.
- Denis Conniffe, 2007. "Generalised Means of Simple Utility Functions with Risk Aversion," Economics Department Working Paper Series n1790907.pdf, Department of Economics, National University of Ireland - Maynooth.
- LiCalzi, Marco & Sorato, Annamaria, 2006.
"The Pearson system of utility functions,"
European Journal of Operational Research, Elsevier, vol. 172(2), pages 560-573, July.
- Marco LiCalzi & Annamaria Sorato, 2003. "The Pearson system of utility functions," Game Theory and Information 0311002, University Library of Munich, Germany.
- Craig W. Kirkwood, 2004. "Approximating Risk Aversion in Decision Analysis Applications," Decision Analysis, INFORMS, vol. 1(1), pages 51-67, March.
- Zank, H., 1998. "Cumulative prospect theory for parametric and multiattribute utilities," Research Memorandum 019, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
- Zank H., 1998. "Cumulative Prospect Theory for Parametric and Multiattribute Utilities," Research Memorandum 008, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
- Horst Zank, 2001. "Cumulative Prospect Theory for Parametric and Multiattribute Utilities," Mathematics of Operations Research, INFORMS, vol. 26(1), pages 67-81, February.
- Thomas Eichner, 2008. "Mean Variance Vulnerability," Management Science, INFORMS, vol. 54(3), pages 586-593, March.
- Gollier, Christian & Schlesinger, Harris, 2003. "Preserving preference rankings under background risk," Economics Letters, Elsevier, vol. 80(3), pages 337-341, September.
- Henry Stott, 2006. "Cumulative prospect theory's functional menagerie," Journal of Risk and Uncertainty, Springer, vol. 32(2), pages 101-130, March.
- Nakamura, Yutaka, 1996. "Sumex utility functions," Mathematical Social Sciences, Elsevier, vol. 31(1), pages 39-47, February.
- Gelles, Gregory M. & Mitchell, Douglas W., 2002. "Increasingly mean-seeking utility functions and n-asset portfolios," The Quarterly Review of Economics and Finance, Elsevier, vol. 42(5), pages 911-919.
- Mitchell, Douglas W. & Gelles, Gregory M., 2003. "Risk-value models: Restrictions and applications," European Journal of Operational Research, Elsevier, vol. 145(1), pages 109-120, February.
- Gregory M. Gelles & Douglas W. Mitchell, 1999. "Broadly Decreasing Risk Aversion," Management Science, INFORMS, vol. 45(10), pages 1432-1439, October.
- Nina Anchugina, 2017. "One-Switch Discount Functions," Papers 1702.02254, arXiv.org.
- Ilia Tsetlin & Robert L. Winkler, 2005. "Risky Choices and Correlated Background Risk," Management Science, INFORMS, vol. 51(9), pages 1336-1345, September.
- Gollier, Christian, 2002. "Time Horizon and the Discount Rate," Journal of Economic Theory, Elsevier, vol. 107(2), pages 463-473, December.
- Nakamura, Yutaka, 2015. "Mean-variance utility," Journal of Economic Theory, Elsevier, vol. 160(C), pages 536-556.
- Sancetta, A., 2005. "Copula Based Monte Carlo Integration in Financial Problems," Cambridge Working Papers in Economics 0506, Faculty of Economics, University of Cambridge.
- Denuit, Michel M. & Eeckhoudt, Louis & Schlesinger, Harris, 2013.
"When Ross meets Bell: The linex utility function,"
Journal of Mathematical Economics, Elsevier, vol. 49(2), pages 177-182.
- Denuit, M. & Eeckhoudt, L. & Schlesinger, H., 2011. "When Ross meets Bell: the linex utility function," LIDAM Discussion Papers ISBA 2011014, Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA).
- DENUIT, Michel M. & EECKHOUDT, Louis & SCHLESINGER, Harris, 2013. "When Ross meets Bell: the linex utility function," LIDAM Reprints CORE 2496, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- M. Denuit & L. Eeckhoudt & H. Schlesinger, 2013. "When ross meets bell: the linex utility function," Post-Print hal-00845936, HAL.
- Denuit, Michel & Eeckhoudt, Louis & Schlesinger, Harris, 2013. "When Ross meets Bell: The linex utility function," LIDAM Reprints ISBA 2013013, Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA).
- Gelles, Gregory M. & Mitchell, Douglas W., 1999. "Ordering utility functions based on mean-seeking behavior," The Quarterly Review of Economics and Finance, Elsevier, vol. 39(3), pages 317-328.
More about this item
Keywords
Decision Under Risk; Expected Utility; Utility Functions; One-Switch Preferences; Utility of Wealth;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:ormnsc:v:47:y:2001:i:4:p:601-604. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.