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On the cardinal utility equivalence of biseparable preferences

Author

Listed:
  • Fabio Maccheroni

    (Università Bocconi and IGIER)

  • Massimo Marinacci

    (Università Bocconi and IGIER)

  • Jingni Yang

    (Australian National University)

Abstract

We establish a simple condition, based on the willingness to bet on events, under which two biseparable preferences have cardinally equivalent utilities

Suggested Citation

  • Fabio Maccheroni & Massimo Marinacci & Jingni Yang, 2022. "On the cardinal utility equivalence of biseparable preferences," Theory and Decision, Springer, vol. 92(3), pages 689-701, April.
  • Handle: RePEc:kap:theord:v:92:y:2022:i:3:d:10.1007_s11238-022-09877-w
    DOI: 10.1007/s11238-022-09877-w
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    References listed on IDEAS

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    4. Gilboa,Itzhak, 2009. "Theory of Decision under Uncertainty," Cambridge Books, Cambridge University Press, number 9780521517324, December.
    5. Schmeidler, David, 1989. "Subjective Probability and Expected Utility without Additivity," Econometrica, Econometric Society, vol. 57(3), pages 571-587, May.
    6. Gilboa, Itzhak & Schmeidler, David, 1989. "Maxmin expected utility with non-unique prior," Journal of Mathematical Economics, Elsevier, vol. 18(2), pages 141-153, April.
    7. Ghirardato, Paolo & Marinacci, Massimo, 2002. "Ambiguity Made Precise: A Comparative Foundation," Journal of Economic Theory, Elsevier, vol. 102(2), pages 251-289, February.
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