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Uncertainty averse preferences
Simone Cerreia-Vioglio F. Maccheroni,
Luigi Montrucchio , 2011, vol. 146, issue 4, pages 1275-1330
Journal of Economic Theory Abstract:
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.
Keywords: Ambiguity; Games; against; nature; Smooth; ambiguity; preferences; Uncertainty; aversion; Variational; preferences (search for similar items in EconPapers)
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Related works: Working Paper: Uncertainty Averse Preferences (2008) This item may be available elsewhere in EconPapers: Search for items with the same title.
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Persistent link: http://EconPapers.repec.org/RePEc:eee:jetheo:v:146:y:2011:i:4:p:1275-1330
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