Generalized stochastic dominance and bad outcome aversion

H.J.M. Peters, T.J.W. Schulteis, A.J. Vermeulen

Research output: Contribution to journalArticleAcademicpeer-review

1 Citation (Scopus)

Abstract

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., J Econ Theory, 115:118-133, 2004), and can be seen as generalized stochastic dominance preferences.

Original languageEnglish
Pages (from-to)285-290
Number of pages6
JournalSocial Choice and Welfare
Volume35
Issue number2
DOIs
Publication statusPublished - Jul 2010

Keywords

  • COMPLETENESS AXIOM
  • EXPECTED UTILITY

Cite this

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Generalized stochastic dominance and bad outcome aversion. / Peters, H.J.M.; Schulteis, T.J.W.; Vermeulen, A.J.

In: Social Choice and Welfare, Vol. 35, No. 2, 07.2010, p. 285-290.

Research output: Contribution to journalArticleAcademicpeer-review

TY - JOUR

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AU - Peters, H.J.M.

AU - Schulteis, T.J.W.

AU - Vermeulen, A.J.

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AB - 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., J Econ Theory, 115:118-133, 2004), and can be seen as generalized stochastic dominance preferences.

KW - COMPLETENESS AXIOM

KW - EXPECTED UTILITY

U2 - 10.1007/s00355-010-0441-1

DO - 10.1007/s00355-010-0441-1

M3 - Article

VL - 35

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EP - 290

JO - Social Choice and Welfare

JF - Social Choice and Welfare

SN - 0176-1714

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