A Revealed Preference Theory for Non‐expected Utility on “Certain × Uncertain” Consumption Pairs

Kazuya Kamiya and Hidehiko Ichimura

The Japanese Economic Review, 1998, vol. 49, issue 1, 54-76

Abstract: In this paper we consider a two‐period decision problem, where the feasible set is the set of “certain × uncertain” consumption pairs. That is, the decision‐maker chooses (x,m) in a feasible set, wherex is a certain first‐period consumption andm is a random second‐period consumption, a Borel probability measure on the set of real numbers. The purpose of this paper is to present revealed preference theory for non‐expected utility on “certain × uncertain” consumption pairs. We present necessary and sufficient conditions for the data to be consistent with some non‐expected utility functions. JEL Classification Numbers: D11, D81, D91

Date: 1998
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/1468-5876.00071

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:jecrev:v:49:y:1998:i:1:p:54-76

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1352-4739

Access Statistics for this article

The Japanese Economic Review is currently edited by Akira Okada

More articles in The Japanese Economic Review from Japanese Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().