Local Utility Functions and Local Probability Transformations.

B-Tier
Journal: Journal of Risk and Uncertainty
Year: 2003
Volume: 27
Issue: 2
Pages: 111-20

Authors (2)

Quiggin, John (University of Queensland) Chambers, Robert G (not in RePEc)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

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

Abstract

This note shows that, under appropriate conditions, preferences may be locally approximated by the linear utility or risk-neutral preference functional associated with a local probability transformation. Copyright 2003 by Kluwer Academic Publishers

Technical Details

RePEc Handle
repec:kap:jrisku:v:27:y:2003:i:2:p:111-20
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25