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Market Constraints as a Rationale for the Friedman-Savage Utility Function

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  • Appelbaum, Elie
  • Katz, Eliakim

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  • Appelbaum, Elie & Katz, Eliakim, 1981. "Market Constraints as a Rationale for the Friedman-Savage Utility Function," Journal of Political Economy, University of Chicago Press, vol. 89(4), pages 819-825, August.
    • Handle: RePEc:ucp:jpolec:v:89:y:1981:i:4:p:819-25
    DOI: 10.1086/261005
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    References listed on IDEAS

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    1. Dowell, Richard S & McLaren, Keith R, 1986. "An Intertemporal Analysis of the Interdependence between Risk Preference, Retirement, and Work Rate Decisions," Journal of Political Economy, University of Chicago Press, vol. 94(3), pages 667-682, June.
    2. Raymond D. Sauer, 1998. "The Economics of Wagering Markets," Journal of Economic Literature, American Economic Association, vol. 36(4), pages 2021-2064, December.
    3. Katz, Eliakim & Stark, Oded, 1986. "Labor Migration and Risk Aversion in Less Developed Countries," Journal of Labor Economics, University of Chicago Press, vol. 4(1), pages 134-149, January.
    4. Marshall, John M, 1984. "Gambles and the Shadow Price of Death," American Economic Review, American Economic Association, vol. 74(1), pages 73-86, March.
    5. Fabella, Raul V., 1990. "Induced global risk preference," Economics Letters, Elsevier, vol. 32(4), pages 313-317, April.
    6. Crossley, Thomas F. & Low, Hamish & Smith, Sarah, 2016. "Do consumers gamble to convexify?," Journal of Economic Behavior & Organization, Elsevier, vol. 131(PA), pages 276-291.
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    Cited by:

    1. Elie Appelbaum & Richard G. Harris, 1978. "Imperfect Capital Markets and Life-Cycle Saving," Canadian Journal of Economics, Canadian Economics Association, vol. 11(2), pages 319-324, May.
    2. Douglas W. Blackburn & Andrey D. Ukhov, 2013. "Individual vs. Aggregate Preferences: The Case of a Small Fish in a Big Pond," Management Science, INFORMS, vol. 59(2), pages 470-484, August.
    3. Vasquez, Markus, 2017. "Utility of wealth with many indivisibilities," Journal of Mathematical Economics, Elsevier, vol. 71(C), pages 20-27.

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