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Living without state-independence of utilities

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Author Info
Hill, Brian ()

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Abstract

This paper is concerned with the representation of preferences which do not satisfy the ordinary axioms for state-independent utilities.

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File URL: http://www.hec.fr/var/fre/storage/original/application/09ce8576f7a1f0adca7f592215f12539.pdf
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Publisher Info
Paper provided by HEC Paris in its series Les Cahiers de Recherche with number 874.

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Length: 19 pages
Date of creation: 13 Jul 2007
Date of revision:
Handle: RePEc:ebg:heccah:0874

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Postal: HEC Paris, 78351 Jouy-en-Josas cedex, France
Web page: http://www.hec.fr/
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Related research
Keywords: Elicitation; Subjective Probability; Subjective Expected Utility; Statedependent utility; Small worlds;

Other versions of this item:

Find related papers by JEL classification:
C60 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - General
D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Karni, Edi & Schmeidler, David, 1993. "On the Uniqueness of Subjective Probabilities," Economic Theory, Springer, vol. 3(2), pages 267-77, April.
    Other versions:
  2. Karni, Edi & Schmeidler, David & Vind, Karl, 1983. "On State Dependent Preferences and Subjective Probabilities," Econometrica, Econometric Society, vol. 51(4), pages 1021-31, July. [Downloadable!] (restricted)
  3. HILL, Brian, 2006. "Towards a "sophisticated" model of belief dynamics," Les Cahiers de Recherche 868, HEC Paris. [Downloadable!]
  4. Hill, Brian, 2007. "Three analyses of sour grapes," Les Cahiers de Recherche 873, HEC Paris. [Downloadable!]
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This page was last updated on 2009-12-15.

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