Uncertainty Averse Preferences
Massimo Marinacci and
No 77, Carlo Alberto Notebooks from Collegio Carlo Alberto
We study uncertainty averse preferences, that is, complete and transitive preferences that are convex and monotone. We establish a representation result, which is at same time general and rich in structure. Many objective functions commonly used in applications are special cases of this representation.
Keywords: ambiguity aversion; games against nature; model uncertainty; smooth ambiguity preferences; variational preferences (search for similar items in EconPapers)
JEL-codes: D81 (search for similar items in EconPapers)
Pages: 81 pages
New Economics Papers: this item is included in nep-upt
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Journal Article: Uncertainty averse preferences (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:cca:wpaper:77
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