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

## Author

## 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

## Download full text from publisher

As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

## Other versions of this item:

- Alain Chateauneuf & Michèle Cohen & Isaac Meilijson, 2005.
"
**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. - Chateauneuf, A. & Cohen, M. & Meilijson, I., 1997.
"
**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).

## References listed on IDEAS

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

- Miles S. Kimball, 1989.
"
- 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.- 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.
"
- Quiggin John & Wakker Peter, 1994.
"
**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.
"
**The Axiomatic Basis of Anticipated Utility : A Clarification**," Discussion Paper 1992-3, Tilburg University, Center for Economic Research. - Quiggin, J. & Wakker, P., 1992.
"
**The Axiomatic Basis of Anticipated Utility: A Clarification**," Papers 9203, Tilburg - Center for Economic Research.

- Quiggin, J. & Wakker, P.P., 1992.
"
- Yaari, Menahem E, 1987.
"
**The Dual Theory of Choice under Risk**," Econometrica, Econometric Society, vol. 55(1), pages 95-115, January. - Chateauneuf, Alain & Cohen, Michele, 1994.
"
**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.
"
**A theory of anticipated utility**," Journal of Economic Behavior & Organization, Elsevier, vol. 3(4), pages 323-343, December. - Allais Maurice, 1990.
"
**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

### Statistics

Access and download statistics## Corrections

All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: *RePEc:spr:joecth:v:25:y:2005:i:3:p:649-667*. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla) or (Springer Nature Abstracting and Indexing). General contact details of provider: http://www.springer.com .

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.