Abstract : A new explanation of the Allais paradox is suggested. A decision rule representable by an increasing function of the expected utility and the minimum utility is axiomatized. The lexicographic separability of this function is also discussed and axiomatized.
https://hal-hec.archives-ouvertes.fr/hal-00753244
Contributeur : Amaury Bouvet
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Soumis le : dimanche 18 novembre 2012 - 21:56:35
Dernière modification le : dimanche 18 novembre 2012 - 21:56:55
Itzhak Gilboa. A Combination of Expected Utility and Maxmin Decision Criteria. Journal of Mathematical Psychology, Elsevier, 1988, vol. 32, issue 4, pp. 405-420. 〈10.1016/0022-2496(88)90020-X〉. 〈hal-00753244〉
