Even risk-averters may love risk

Theory and Decision

Volumn 52, Issue 1, 2002, Pages 81-99

  Müller, Alfred ^a   Scarsini, Marco ^a  

^a UNIVERSITY OF KARLSRUHE   (Germany)

Author keywords

Coin tossing; Exchangeable random variables; Games of chance; Learning; Risk Aversion; Stochastic comparison

Indexed keywords

DECISION MAKING; GAME THEORY; LEARNING SYSTEMS; OPTIMIZATION; PROBABILITY DISTRIBUTIONS; RANDOM PROCESSES; RISK MANAGEMENT; UNCERTAIN SYSTEMS;

EXCHANGEABLE RANDOM VARIABLES; EXPECTED UTILITY MAXIMIZER; GAMES OF CHANCE; RISK AVERTERS; STOCHASTIC COMPARISON; STOCHASTIC ORDERINGS;

DECISION THEORY;

EID: 0036478294     PISSN: 00405833     EISSN: None     Source Type: Journal    
DOI: 10.1023/A:1015513000587     Document Type: Article

References (34)

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2. The value of information in monotone decision problems
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6. Equivalent comparisons of experiments
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8. A positive value of information for a non-Bayesian decision-maker
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13. A Bayesian approach to uncertainty aversion
14. A survey of prophet inequalities in optimal stopping theory
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20. Addendum to: Increasing risk. I. A definition
21. On the non-existence of Blackwell's theory type results with general preference relations
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24. Corrigenda: The sure thing principle and the value of information
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26. On mixtures from exponential families
27. The existence of probability measures with given marginals
28. The value of information: The case of signal-dependent opportunity sets
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