Economics at your fingertips  

Subjective mean–variance preferences without expected utility

Xiangyu Qu

Mathematical Social Sciences, 2017, vol. 87, issue C, 31-39

Abstract: Classical derivations of mean–variance preferences have all relied on the expected utility hypothesis. Numerous experimental studies have revealed that the expected utility model is systematically violated in practice. Such findings and the simplicity of the mean–variance framework have led researchers and practitioners to employ the mean–variance model without expected utility. However, the theoretical foundations of these models are scant.

Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Subjective Mean Variance Preferences Without Expected Utility (2017)
Working Paper: Subjective Mean Variance Preferences Without Expected Utility (2017)
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:

DOI: 10.1016/j.mathsocsci.2017.02.001

Access Statistics for this article

Mathematical Social Sciences is currently edited by J.-F. Laslier

More articles in Mathematical Social Sciences from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

Page updated 2023-06-15
Handle: RePEc:eee:matsoc:v:87:y:2017:i:c:p:31-39