Abstract
AbstractInterest in the foundations of the theory of choice under uncertainty was stimulated by applications of expected utility theory such as the Sandmo model of production under uncertainty. The development of generalized expected utility models raised the question of whether such models could be used in the analysis of applied problems such as those involving production under uncertainty. Finally, the revival of the state-contingent approach led to the recognition of a fundamental duality between choice problems and production problems.
Funder
The University of Queensland
Publisher
Springer Science and Business Media LLC
Subject
Computer Science Applications,General Economics, Econometrics and Finance,General Social Sciences,Applied Psychology,Arts and Humanities (miscellaneous),Developmental and Educational Psychology,General Decision Sciences
Reference55 articles.
1. Allais, M. (1953). Le comportement de l’homme rationnel devant le risque: Critique des axioms et postulats de l’école Americaine. Econometrica, 21, 503–46.
2. Allais, M. (1987) The general theory of random choices in relation to the invariant cardinal utility function and the specific probability function: The (U, θ) model - A general overview. In Risk, Decision and Rationality, (Ed, Munier, B.) pp. 233–89.
3. Arrow, K. (1953). Le rôle des valeurs boursiers pour la repartition la meillure des risques. Cahiers du Seminair d’Economie, CNRS.
4. Arrow, K. (1965). Aspects of the theory of risk-bearing. Yrjo Jahnsson Lecture.
5. Bertsekas, D. (1974). Necessary and sufficient conditions for the existence of an optimal portfolio. Journal of Economic Theory, 8, 235–47.
Cited by
1 articles.
订阅此论文施引文献
订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献