On the cardinal utility equivalence of biseparable preferences
Fabio Maccheroni,
Massimo Marinacci and
Jingni Yang ()
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Fabio Maccheroni: Università Bocconi and IGIER
Jingni Yang: Australian National University
Theory and Decision, 2022, vol. 92, issue 3, No 13, 689-701
Abstract:
Abstract We establish a simple condition, based on the willingness to bet on events, under which two biseparable preferences have cardinally equivalent utilities
Keywords: Biseparable preferences; Cardinal equivalent utilities; Willingness to bet (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:kap:theord:v:92:y:2022:i:3:d:10.1007_s11238-022-09877-w
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DOI: 10.1007/s11238-022-09877-w
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