Rabin’s calibration theorem revisited

Anne G. Balter, Ki Wai Chau and Nikolaus Schweizer

Economics Letters, 2022, vol. 210, issue C

Abstract: We simplify and refine the theoretical results behind Rabin’s famous calibration theorem for expected utility preferences and present the resulting tightened versions of his numerical illustrations.

Keywords: Expected utility; Utility measurement (search for similar items in EconPapers)
JEL-codes: A20 D81 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:210:y:2022:i:c:s0165176521004341

DOI: 10.1016/j.econlet.2021.110166

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