A test for risk-averse expected utility
(2016)
Journal Article
Chambers, C. P., Liu, C., & Martinez, S. (2016). A test for risk-averse expected utility. Journal of Economic Theory, 163, 775-785. https://doi.org/10.1016/j.jet.2016.03.002
We provide a universal condition for rationalizability by risk-averse expected utility preference in a demand-based framework with multiple commodities. Our test can be viewed as a natural counterpart of a classical test of expected utility, due to F... Read More about A test for risk-averse expected utility.