How many balance functions does it take to determine a utility function?

Journal of Risk and Uncertainty

Volumn 31, Issue 2, 2005, Pages 109-127

  Pratt, John W ^a  

^a HARVARD BUSINESS SCHOOL   (United States)

Author keywords

50 50 gambles; Balance functions; Samuelson question; Utility

Indexed keywords

EID: 25444452360     PISSN: 08955646     EISSN: None     Source Type: Journal    
DOI: 10.1007/s11166-005-3551-x     Document Type: Article

References (7)

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2. Meyer, Richard F. and John W. Pratt. (1968). "The Consistent Assessment and Fairing of Preference Functions," IEEE Transactions on System Science and Cybernetics (SSC-43), 270-278.
3. Pratt, John W. (1961). "Remarks on the Relationship Between Utility and the Certainty Equivalent of a 50% Chance on a Prize." Seminar discussion paper, Harvard Business School.
4. Pratt, John W. (1992). "Risk Aversion." In John Harwell, Murray Milgate, and Peter Newman (eds.), The New Palgrave Dictionary of Money and Finance. London: MacMillan.
5. Raiffa, Howard. (1968). Decision Analysis, Addison-Wesley.
6. Samuelson, Paul A. (1992). "Risk Tolerances, Distributive Inequality, and Track Bettors' Equilbrium." In P. Dasgupta, D. Gale, O. Hart, and E. Maskin (eds.), Economic Analysis of Markets and Games: Essays in Honor of Frank Hahn. MIT Press.
7. Schlaifer, Robert. (1969). Analysis of Decisions Under Uncertainty, McGraw-Hill.