Uncertainty Averse Preferences

Simone Cerreia-Vioglio, Fabio Maccheroni, Massimo Marinacci and Luigi Montrucchio

No 77, Carlo Alberto Notebooks from Collegio Carlo Alberto

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 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
Date: 2008
New Economics Papers: this item is included in nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (71)

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Related works:
Journal Article: Uncertainty averse preferences (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:cca:wpaper:77

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