Expected utility and the siegel paradox: A generalization
Author
Abstract
Suggested Citation
DOI: 10.1007/BF01237437
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- J. Huston McCulloch, 1975. "Operational Aspects of the Siegel Paradox," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 89(1), pages 170-172.
- Sinn, Hans-Werner, 1989. "Expected utility and the Siegel paradox," Munich Reprints in Economics 19849, University of Munich, Department of Economics.
- John S. Hammond, III, 1974. "Simplifying the Choice between Uncertain Prospects Where Preference is Nonlinear," Management Science, INFORMS, vol. 20(7), pages 1047-1072, March.
- Larry G. Epstein & Stephen M. Tanny, 1980. "Increasing Generalized Correlation: A Definition and Some Economic Consequences," Canadian Journal of Economics, Canadian Economics Association, vol. 13(1), pages 16-34, February.
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.- Edlin, Aaron S., 2002. "Forward Discount Bias, Nalebuff's Envelope Puzzle, and the Siegel Paradox in Foreign Exchange," Berkeley Olin Program in Law & Economics, Working Paper Series qt2wc1p9pw, Berkeley Olin Program in Law & Economics.
- Edlin Aaron S., 2002. "Forward Discount Bias, Nalebuff's Envelope Puzzle, and the Siegel Paradox in Foreign Exchange," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 2(1), pages 1-11, September.
- Luca De Gennaro Aquino & Sascha Desmettre & Yevhen Havrylenko & Mogens Steffensen, 2024. "Equilibrium control theory for Kihlstrom-Mirman preferences in continuous time," Papers 2407.16525, arXiv.org, revised Oct 2024.
- Hooi Hooi Lean & Michael McAleer & Wing-Keung Wong, 2013.
"Risk-averse and Risk-seeking Investor Preferences for Oil Spot and Futures,"
Documentos de Trabajo del ICAE
2013-31, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico, revised Aug 2013.
- Lean, H.H. & McAleer, M.J. & Wong, W.-K., 2013. "Risk-averse and Risk-seeking Investor Preferences for Oil Spot and Futures," Econometric Institute Research Papers EI 2013-27, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
- Hooi Hooi Lean & Michael McAleer, 2013. "Risk-averse and Risk-seeking Investor Preferences for Oil Spot and Futures," Tinbergen Institute Discussion Papers 13-132/III, Tinbergen Institute.
- Hooi Hooi Lean & Michael McAleer & Wing-Keung Wong, 2013. "Risk-averse and Risk-seeking Investor Preferences for Oil Spot and Futures," Working Papers in Economics 13/30, University of Canterbury, Department of Economics and Finance.
- Koen Decancq, 2020.
"Measuring cumulative deprivation and affluence based on the diagonal dependence diagram,"
METRON, Springer;Sapienza Università di Roma, vol. 78(2), pages 103-117, August.
- Decancq, Koen, 2020. "Measuring cumulative deprivation and affluence based on the diagonal dependence diagram," LIDAM Reprints CORE 3119, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Koen Decancq, 2020. "Measuring cumulative deprivation and affluence based on the diagonal dependence diagram," Working Papers 2004, Herman Deleeck Centre for Social Policy, University of Antwerp.
- Koen Decancq, 2020. "Measuring cumulative deprivation and affluence based on the diagonal dependence diagram," Working Papers of Department of Economics, Leuven 652198, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven.
- Gollier, Christian, 2021.
"A general theory of risk apportionment,"
Journal of Economic Theory, Elsevier, vol. 192(C).
- Gollier, Christian, 2019. "A general theory of risk apportionment," TSE Working Papers 19-1003, Toulouse School of Economics (TSE).
- Koen Decancq, 2014.
"Copula-based measurement of dependence between dimensions of well-being,"
Oxford Economic Papers, Oxford University Press, vol. 66(3), pages 681-701.
- Decancq K, 2009. "Copula-based Measurement of Dependence Between Dimensions of Well-being," Health, Econometrics and Data Group (HEDG) Working Papers 09/32, HEDG, c/o Department of Economics, University of York.
- DECANCQ, Koen, 2014. "Copula-based measurement of dependence between dimensions of well-being," LIDAM Reprints CORE 2663, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Koen DECANCQ, 2009. "Copula-based measurement of dependence between dimensions of well-being," Working Papers of Department of Economics, Leuven ces09.24, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven.
- DECANCQ, Koen, 2014. "Copula-based measurement of dependence between dimensions of well-being," LIDAM Reprints CORE 2606, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Louis Eeckhoudt & Elisa Pagani & Eugenio Peluso, 2023.
"Multidimensional risk aversion: the cardinal sin,"
Annals of Operations Research, Springer, vol. 320(1), pages 15-31, January.
- Louis Raymond Eeckhoudt & Elisa Pagani & Eugenio Peluso, 2017. "Multidimensional Risk Aversion: The Cardinal Sin," Working Papers 12/2017, University of Verona, Department of Economics.
- Gajdos, Thibault & Weymark, John A., 2012. "Introduction to inequality and risk," Journal of Economic Theory, Elsevier, vol. 147(4), pages 1313-1330.
- Chan, Raymond H. & Clark, Ephraim & Wong, Wing-Keung, 2012. "On the Third Order Stochastic Dominance for Risk-Averse and Risk-Seeking Investors," MPRA Paper 42676, University Library of Munich, Germany.
- Denuit, Michel & Rey, Béatrice, 2013. "Another look at risk apportionment," Journal of Mathematical Economics, Elsevier, vol. 49(4), pages 335-343.
- Arthur Charpentier & Alfred Galichon & Marc Henry, 2012.
"Local Utility and Multivariate Risk Aversion,"
CIRJE F-Series
CIRJE-F-836, CIRJE, Faculty of Economics, University of Tokyo.
- Arthur Charpentier & Alfred Galichon & Marc Henry, 2021. "Local Utility and Multivariate Risk Aversion," Papers 2102.06075, arXiv.org, revised Feb 2021.
- Arthur Charpentier & Alfred Galichon & Marc Henry, 2012. "Local Utility and Multivariate Risk Aversion," CIRANO Working Papers 2012s-17, CIRANO.
- Chia-Lin Chang & Michael McAleer & Wing-Keung Wong, 2018.
"Big Data, Computational Science, Economics, Finance, Marketing, Management, and Psychology: Connections,"
JRFM, MDPI, vol. 11(1), pages 1-29, March.
- Chang, C-L. & McAleer, M.J. & Wong, W.-K., 2018. "Big Data, Computational Science, Economics, Finance, Marketing, Management, and Psychology: Connections," Econometric Institute Research Papers EI2018-08, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
- Chia-Lin Chang & Michael McALeer & Wing-Keung Wong, 2018. "Big Data, Computational Science, Economics, Finance, Marketing, Management, and Psychology: Connections," Tinbergen Institute Discussion Papers 18-011/III, Tinbergen Institute.
- Chia-Lin Chang & Wing-Keung Wong & Michael McAleer, 2018. "Big data, computational science, economics, finance, marketing, management, and psychology: connections," Documentos de Trabajo del ICAE 2018-05, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
- Sylvie Démurger & Siwar Khelifa & Béatrice Rey, 2023. "Rural-urban migration as a risk coping strategy: The role of income differentials," IRENE Policy Reports 23-03, IRENE Institute of Economic Research.
- Guo, Xu & Wong, Wing-Keung & Zhu, Lixing, 2016. "Almost stochastic dominance for risk averters and risk seeker," Finance Research Letters, Elsevier, vol. 19(C), pages 15-21.
- Michel Denuit & Louis Eeckhoudt & Béatrice Rey, 2010.
"Some consequences of correlation aversion in decision science,"
Annals of Operations Research, Springer, vol. 176(1), pages 259-269, April.
- M. Denuit & L. Eeckhoudt & Béatrice Rey, 2010. "Some consequences of correlation aversion in decision science," Post-Print halshs-00485722, HAL.
- DENUIT, Michel & EECKHOUDT, Louis & REY, Béatrice, 2010. "Some consequences of correlation aversion in decision science," LIDAM Reprints CORE 2207, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Rolf Aaberge & Eugenio Peluso & Henrik Sigstad, 2015. "The dual approach for measuring. Multidimesional deprivation and poverty," Discussion Papers 820, Statistics Norway, Research Department.
- Zhidong Bai & Hua Li & Michael McAleer & Wing-Keung Wong, 2015.
"Stochastic dominance statistics for risk averters and risk seekers: an analysis of stock preferences for USA and China,"
Quantitative Finance, Taylor & Francis Journals, vol. 15(5), pages 889-900, May.
- Zhidong Bai & Hua Li & Michael McAleer & Wing-Keung Wong, 2012. "Stochastic Dominance Statistics for Risk Averters and Risk Seekers: An Analysis of Stock Preferences for USA and China," KIER Working Papers 820, Kyoto University, Institute of Economic Research.
- Zhidong Bai & Hua Li & Michael McAleer & Wing-Keung Wong, 2012. "Stochastic Dominance Statistics for Risk Averters and Risk Seekers: An Analysis of Stock Preferences for USA and China," Documentos de Trabajo del ICAE 2012-13, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
- Hennessy, David A. & Lapan, Harvey E., 2006.
"On the nature of certainty equivalent functionals,"
Journal of Mathematical Economics, Elsevier, vol. 43(1), pages 1-10, December.
- Hennessy, David & Lapan, Harvey, 2006. "On the Nature of Certainty Equivalent Functionals," ISU General Staff Papers 202410291658110000, Iowa State University, Department of Economics.
- Hennessy, David A. & Lapan, Harvey E., 2006. "On the Nature of Certainty Equivalent Functionals," Staff General Research Papers Archive 12552, Iowa State University, Department of Economics.
- Gravel, Nicolas & Moyes, Patrick, 2012.
"Ethically robust comparisons of bidimensional distributions with an ordinal attribute,"
Journal of Economic Theory, Elsevier, vol. 147(4), pages 1384-1426.
- Patrick Moyes & Nicolas Gravel, 2011. "Ethically robust comparisons of bidimensional distributions with an ordinal attribute," Post-Print hal-00796064, HAL.
- Patrick MOYES & Nicolas GRAVEL, 2011. "Ethically Robust Comparisons of Bidimensional Distributions with an Ordinal Attribute," Cahiers du GREThA (2007-2019) 2011-36, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
- Patrick Moyes & Nicolas Gravel, 2012. "Ethically robust comparisons of bidimensional distributions with an ordinal attribute," Post-Print hal-00796050, HAL.
Corrections
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:kap:jeczfn:v:57:y:1993:i:1:p:69-93. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.