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Journal articles
A Combination of Expected Utility and Maxmin Decision Criteria
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.
Keywords :
Expected Utility
Maxmin Decision Criteria
https://hal-hec.archives-ouvertes.fr/hal-00753244
Contributor : Antoine Haldemann Connect in order to contact the contributor
Submitted on : Sunday, November 18, 2012 - 9:56:35 PM
Last modification on : Sunday, November 18, 2012 - 9:56:55 PM
Contributor : Antoine Haldemann Connect in order to contact the contributor
Submitted on : Sunday, November 18, 2012 - 9:56:35 PM
Last modification on : Sunday, November 18, 2012 - 9:56:55 PM
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