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Weak order stability under risk

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  • Thomas Kämpke

Abstract

The assessment of a Bernoulli utility function is often accomplished by an approximation process which makes use of ever more information on the preference as it is elicited from a decision maker. Simultaneous approximations of the utility function and the underlying distributions are generally not sufficient for the expectations to converge to the expected value of the respective limits. We give various sufficient stability conditions for the expected utility. All these conditions contain some “uniformness”. © 1995 John Wiley & Sons, Inc.

Suggested Citation

  • Thomas Kämpke, 1995. "Weak order stability under risk," Naval Research Logistics (NRL), John Wiley & Sons, vol. 42(8), pages 1191-1201, December.
    • Handle: RePEc:wly:navres:v:42:y:1995:i:8:p:1191-1201
    DOI: 10.1002/1520-6750(199512)42:83.0.CO;2-O
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    References listed on IDEAS

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    1. Jacquet-Lagreze, Eric & Meziani, Rachid & Slowinski, Roman, 1987. "with an interactive assessment of a piecewise linear utility function," European Journal of Operational Research, Elsevier, vol. 31(3), pages 350-357, September.
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