Generalized stochastic dominance and bad outcome aversion

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

doi:10.1007/s00355-010-0441-1

Generalized stochastic dominance and bad outcome aversion

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

^*Corresponding author for this work

Quantitative Economics

Research output: Contribution to journal › Article › Academic › peer-review

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 language	English
Pages (from-to)	285-290
Number of pages	6
Journal	Social Choice and Welfare
Volume	35
Issue number	2
DOIs	https://doi.org/10.1007/s00355-010-0441-1
Publication status	Published - Jul 2010

Keywords

COMPLETENESS AXIOM
EXPECTED UTILITY

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title = "Generalized stochastic dominance and bad outcome aversion",

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.",

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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

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VL - 35

SP - 285

EP - 290

JO - Social Choice and Welfare

JF - Social Choice and Welfare

IS - 2

ER -

Generalized stochastic dominance and bad outcome aversion

Abstract

Keywords

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