AUSI expected utility: An anticipated utility theory of relative disappointment aversion
| dc.contributor.author | Grant, Simon | |
| dc.contributor.author | Kajii, Atsushi | |
| dc.date.accessioned | 2023-01-31T00:27:44Z | |
| dc.date.issued | 1998 | |
| dc.date.updated | 2021-11-28T07:38:22Z | |
| dc.description.abstract | In this paper we provide an axiomatization for a representation of preferences over lotteries that is only one parameter richer than expected utility. Our model is a special case of Rank-Dependent Expected Utility. Moreover, we show that the same restriction on this parameter is required for: risk aversion; intuitive comparative static results for a reasonably general class of economically interesting choice problems; and accommodating some of the most well-known violations of Expected Utility Theory. | en_AU |
| dc.format.mimetype | application/pdf | en_AU |
| dc.identifier.issn | 0167-2681 | en_AU |
| dc.identifier.uri | http://hdl.handle.net/1885/284068 | |
| dc.language.iso | en_AU | en_AU |
| dc.publisher | Elsevier | en_AU |
| dc.rights | © 1998 Elsevier Science B.V. | en_AU |
| dc.source | Journal of Economic Behavior and Organization | en_AU |
| dc.subject | Rank-dependent expected utility | en_AU |
| dc.subject | Disappointment aversion | en_AU |
| dc.subject | Allais paradox | en_AU |
| dc.title | AUSI expected utility: An anticipated utility theory of relative disappointment aversion | en_AU |
| dc.type | Journal article | en_AU |
| local.bibliographicCitation.issue | 1998 | en_AU |
| local.bibliographicCitation.lastpage | 290 | en_AU |
| local.bibliographicCitation.startpage | 277 | en_AU |
| local.contributor.affiliation | Grant, Simon, College of Business and Economics, ANU | en_AU |
| local.contributor.affiliation | Kajii, Atsushi, University of Tsukuba | en_AU |
| local.contributor.authoremail | u8611182@anu.edu.au | en_AU |
| local.contributor.authoruid | Grant, Simon, u8611182 | en_AU |
| local.description.embargo | 2099-12-31 | |
| local.description.notes | Imported from ARIES | en_AU |
| local.identifier.absfor | 380399 - Economic theory not elsewhere classified | en_AU |
| local.identifier.ariespublication | u9807482xPUB180 | en_AU |
| local.identifier.citationvolume | 37 | en_AU |
| local.identifier.doi | 10.1016/S0167-2681(98)00094-8 | en_AU |
| local.identifier.uidSubmittedBy | u9807482 | en_AU |
| local.publisher.url | https://www.elsevier.com/en-au | en_AU |
| local.type.status | Published Version | en_AU |
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