Yaari's Dual Theory without the Completeness Axiom
This note shows how Yaari (1987)'s dual theory of choice under risk naturally extends to the case of incomplete preferences. This also provides an axiomatic characterization of a large and widely studied class of stochastic orders used to rank the riskiness of random variables or the dispersion...
| Veröffentlicht in: | Economic Theory. - Springer, 1991. - 23(2004), 3, Seite 701-714 |
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| Format: | Online-Aufsatz |
| Sprache: | English |
| Veröffentlicht: |
2004
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| Zugriff auf das übergeordnete Werk: | Economic Theory |
| Schlagworte: | Yaari's dual theory Incomplete preferences Stochastic orders D81 Mathematics Economics Philosophy Behavioral sciences |
| Online verfügbar |
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