If an agent (wealkly) prefers early resolution of uncertainty then the recursive forms of both the most commonly used non-expected utility models, betweenness and rank dependence, almost reduce to Kreps & Porteus's (1978) recurvise expected utility.
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Paper provided by Australian National University - Department of Economics in its series Papers with number
324.
Length: 14 pages Date of creation: 1997 Date of revision: Handle: RePEc:fth:aunaec:324
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Find related papers by JEL classification: D8 - Microeconomics - - Information, Knowledge, and Uncertainty
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