# More pessimism than greediness: a characterization of monotone risk aversion in the rank-dependent expected utility model

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## Abstract

## Suggested Citation

**More pessimism than greediness: a characterization of monotone risk aversion in the rank-dependent expected utility model**," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 25(3), pages 649-667, April.

*RePEc:spr:joecth:v:25:y:2005:i:3:p:649-667*

DOI: 10.1007/s00199-003-0451-7

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## Other versions of this item:

- Chateauneuf, A. & Cohen, M. & Meilijson, I., 1997.
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**More Pessimism than Greediness: A Characterization of Monotone Risk Aversion in the Rank-Dependant Expected Utility Model**," Papiers d'Economie MathÃ©matique et Applications 97.53, UniversitÃ© PanthÃ©on-Sorbonne (Paris 1). - Alain Chateauneuf & Michèle Cohen & Isaac Meilijson, 2005.
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**More pessimism than greediness: a characterization of monotone risk aversion in the Rank-Dependent Expected Utility model**," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00211906, HAL.

## References listed on IDEAS

- Kimball, Miles S, 1990.
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**Precautionary Saving in the Small and in the Large**," Econometrica, Econometric Society, vol. 58(1), pages 53-73, January.- Miles S. Kimball, 1989.
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**Precautionary Saving in the Small and in the Large**," NBER Working Papers 2848, National Bureau of Economic Research, Inc.

- Miles S. Kimball, 1989.
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- Chateauneuf, Alain & Cohen, Michele & Meilijson, Isaac, 2004.
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**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.- Alain Chateauneuf & Michèle Cohen & Isaac Meilijson, 2004.
"
**Four notions of mean preserving increase in risk, risk attitudes and applications to the Rank-Dependent Expected Utility model**," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00212281, HAL.

- Alain Chateauneuf & Michèle Cohen & Isaac Meilijson, 2004.
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- Yaari, Menahem E, 1987.
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**The Dual Theory of Choice under Risk**," Econometrica, Econometric Society, vol. 55(1), pages 95-115, January. - Chateauneuf, Alain & Cohen, Michele, 1994.
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**Risk Seeking with Diminishing Marginal Utility in a Non-expected Utility Model**," Journal of Risk and Uncertainty, Springer, vol. 9(1), pages 77-91, July. - Quiggin, John, 1982.
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**A theory of anticipated utility**," Journal of Economic Behavior & Organization, Elsevier, vol. 3(4), pages 323-343, December. - Quiggin John & Wakker Peter, 1994.
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**The Axiomatic Basis of Anticipated Utility: A Clarification**," Journal of Economic Theory, Elsevier, vol. 64(2), pages 486-499, December.- Quiggin, J. & Wakker, P.P., 1992.
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**The Axiomatic Basis of Anticipated Utility : A Clarification**," Discussion Paper 1992-3, Tilburg University, Center for Economic Research. - Quiggin, J. & Wakker, P., 1992.
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**The Axiomatic Basis of Anticipated Utility: A Clarification**," Papers 9203, Tilburg - Center for Economic Research.

- Quiggin, J. & Wakker, P.P., 1992.
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- Allais Maurice, 1990.
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**Cardinal Utility**," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 1(2), pages 1-38, June.

**Full references**(including those not matched with items on IDEAS)

## More about this item

### Keywords

Risk aversion; Pessimism; Greediness; Rank-dependent expected utility.;### JEL classification:

**D81**- Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty**C60**- Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - General

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