TY - JOUR
T1 - Two-moments decision models and utility-representable preferences
AU - Bar-Shira, Ziv
AU - Finkelshtain, Israel
PY - 1999/2/1
Y1 - 1999/2/1
N2 - If a decision problem satisfies Meyer's location-scale condition, then any utility representable preferences are also representable by a mean standard deviation utility function. The properties of this function are inferred from common assumptions concerning the individual's risk preferences without relying on the expected utility model or any of its substitutes.
AB - If a decision problem satisfies Meyer's location-scale condition, then any utility representable preferences are also representable by a mean standard deviation utility function. The properties of this function are inferred from common assumptions concerning the individual's risk preferences without relying on the expected utility model or any of its substitutes.
KW - D80
KW - D81
KW - Location scale
KW - Mean standard deviation
KW - Non-expected utility
UR - http://www.scopus.com/inward/record.url?scp=0001008904&partnerID=8YFLogxK
U2 - 10.1016/s0167-2681(99)00008-6
DO - 10.1016/s0167-2681(99)00008-6
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AN - SCOPUS:0001008904
SN - 0167-2681
VL - 38
SP - 237
EP - 244
JO - Journal of Economic Behavior and Organization
JF - Journal of Economic Behavior and Organization
IS - 2
ER -