Uncertainty averse preferences
Simone Cerreia-Vioglio,
F. Maccheroni,
Massimo Marinacci and
Luigi Montrucchio
Journal of Economic Theory, 2011, vol. 146, issue 4, 1275-1330
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)
Date: 2011
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Citations: View citations in EconPapers (156)
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Working Paper: Uncertainty Averse Preferences (2008) 
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jetheo:v:146:y:2011:i:4:p:1275-1330
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