Generalized stochastic dominance and bad outcome aversion
نویسندگان
چکیده
Incomplete preferences over lotteries on a finite set of alternatives satisfying, besides independence and continuity, a property called bad outcome aversion are considered. These preferences are characterized in terms of their specific multi-expected utility representations (cf. Dubra et al., 2004), and can be seen as generalized stochastic dominance preferences. JEL-classification: C0, D0
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عنوان ژورنال:
- Social Choice and Welfare
دوره 35 شماره
صفحات -
تاریخ انتشار 2010