A strict expected multi-utility theorem

dc.contributorEscolas::EPGE
dc.contributorFGV
dc.creatorGorno, Leandro
dc.date.accessioned2018-10-25T18:24:11Z
dc.date.accessioned2022-11-03T20:37:48Z
dc.date.available2018-10-25T18:24:11Z
dc.date.available2022-11-03T20:37:48Z
dc.date.created2018-10-25T18:24:11Z
dc.date.issued2017
dc.identifier0304-4068
dc.identifierhttp://hdl.handle.net/10438/25509
dc.identifier10.1016/j.jmateco.2017.03.006
dc.identifier2-s2.0-85019934049
dc.identifier.urihttps://repositorioslatinoamericanos.uchile.cl/handle/2250/5041959
dc.description.abstractThis paper integrates two key approaches to the representation of incomplete preferences over lotteries. The main result strengthens the conclusion of the expected multi-utility theorem in Dubra, Maccheroni, and Ok (2004) by ensuring that all utility indices involved are Aumann utilities (i.e., yield a strictly increasing expectation). The advantages of the method are demonstrated by parametrizing maximal elements and by providing a novel characterization of Aumann utilities. © 2017 Elsevier B.V.
dc.languageeng
dc.publisherElsevier B.V.
dc.relationJournal of Mathematical Economics
dc.rightsrestrictedAccess
dc.sourceScopus
dc.subjectExpected utility
dc.subjectIncomplete preference relations
dc.titleA strict expected multi-utility theorem
dc.typeArticle (Journal/Review)


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