# 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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- 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**," Post-Print halshs-00211906, HAL. - 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. - 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).

## References listed on IDEAS

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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**," Post-Print halshs-00212281, HAL. - 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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**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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**The Axiomatic Basis of Anticipated Utility : A Clarification**," Discussion Paper 1992-3, Tilburg University, Center for Economic Research.

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**Some Stronger Measures of Risk Aversion in the Small and the Large with Applications**," Econometrica, Econometric Society, vol. 49(3), pages 621-638, May. - Schmeidler, David, 1989.
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**Subjective Probability and Expected Utility without Additivity**," Levine's Working Paper Archive 7662, David K. Levine.

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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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