A test for risk-averse expected utility

A-Tier

Journal: Journal of Economic Theory

Year: 2016

Volume: 163

Issue: C

Pages: 775-785

Authors (3)

Chambers, Christopher P. (Georgetown University) Liu, Ce (not in RePEc) Martinez, Seung-Keun (University of Nottingham)

Score contribution per author:

1.345 = (α=2.02 / 3 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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Abstract

We provide a universal condition for rationalizability by risk-averse expected utility preference in a demand-based framework with multiple commodities. Our test can be viewed as a natural counterpart of a classical test of expected utility, due to Fishburn (1975), in a demand setting.

A test for risk-averse expected utility

Authors (3)

Abstract

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