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Risk Aversion Without Diminishing Marginal Utility

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  • Menahem E. Yaari

Abstract

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Suggested Citation

  • Menahem E. Yaari, 1984. "Risk Aversion Without Diminishing Marginal Utility," STICERD - Theoretical Economics Paper Series 106, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
  • Handle: RePEc:cep:stitep:106
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    Cited by:

    1. Elisabeth Jardin, 1996. "Problèmes d'assurance et utilité décumulative," Revue Économique, Programme National Persée, vol. 47(4), pages 921-935.
    2. Wing-Keung Wong & Chenghu Ma, 2008. "Preferences over location-scale family," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 37(1), pages 119-146, October.
    3. Ahmet M. Çilingirtürk & Habip Koçak, 2018. "Human Development Index (HDI) Rank-Order Variability," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 137(2), pages 481-504, June.
    4. Chateauneuf, Alain & Cohen, Michele & Meilijson, Isaac, 2004. "Four notions of mean-preserving increase in risk, risk attitudes and applications to the rank-dependent expected utility model," Journal of Mathematical Economics, Elsevier, vol. 40(5), pages 547-571, August.
    5. Olga Bourachnikova, 2007. "Weighting Function in the Behavioral Portfolio Theory," Working Papers CEB 07-011.RS, ULB -- Universite Libre de Bruxelles.
    6. Karni, Edi & Safra, Zvi, 1984. ""Preference Reversal" and the Theory of Choice Under Risk," Foerder Institute for Economic Research Working Papers 275382, Tel-Aviv University > Foerder Institute for Economic Research.
    7. Hirbod Assa, 2015. "Optimal risk allocation in a market with non-convex preferences," Papers 1503.04460, arXiv.org.
    8. Uzi Segal, 1984. "Nonlinear Decision Weights with the Independence Axiom," UCLA Economics Working Papers 353, UCLA Department of Economics.
    9. Uzi Segal, 1986. "Probabilistic Insurance and Anticipated Utility," UCLA Economics Working Papers 390, UCLA Department of Economics.

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