Detail Dominance Axioms and Multivariate Nonexpected Utility Preferences   Oleh:  Safra, Zvi ; Segal, Uzi Jenis: Article from Bulletin/Magazine Dalam koleksi: INTERNATIONAL ECONOMIC REVIEW vol. 34 no. 2 (1993), page 321-334. Topik: utility; dominance axioms; multivariate non expected; utility Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: II49.3 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel This paper deals with non expected utility preferences over multivariate distributions. We present two equivalent dominance axioms, implying an additively separable structure of the local utility functions. They also imply that non expected utility functionals directly depend on the marginals of the multivariate distributions. We define an invariance axiom, show that it is equivalent to the property that all local utility functions are ordinally equivalent, and that it implies an additively separable expected utility functional when the dominance axiom is assumed. An interesting property of multivariate preferences is that risk neutrality does not imply affinity of the utility function over non stochastic outcomes. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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