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 |
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Pages (from-to) | 285-290 |
Number of pages | 6 |
Journal | Social Choice and Welfare |
Volume | 35 |
Issue number | 2 |
DOIs | |
Publication status | Published - Jul 2010 |
Keywords
- COMPLETENESS AXIOM
- EXPECTED UTILITY