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Modeling Attitudes Towards Uncertainty and Risk Through the Use of Monotone Capacities

  • Alain Chateauneuf
Conference paper

Abstract

The aim of this lecture is to present a survey of some results related to Choquet Expected Utility -C.E.U.-Models, a promising class of models introduced separately by Quiggin (1982), Yaari (1987) and Schmeidler (1982,1989), which allow to separate attitudes towards uncertainty (or risk) from attitudes towards wealth while respecting the first order stochastic dominance axiom.

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Copyright information

© Springer-Verlag Berlin Heidelberg 1993

Authors and Affiliations

  • Alain Chateauneuf
    • 1
  1. 1.UFR de Math.University ParisParis Cedex 13France

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