A Behavioral Characterization of the Likelihood Ratio Order

被引：2

作者：

Mihm, Maximilian ^{[1
]}

Siga, Lucas ^{[1
]}

机构：

[1] New York Univ Abu Dhabi, Div Social Sci, Abu Dhabi, U Arab Emirates

来源：

AMERICAN ECONOMIC REVIEW-INSIGHTS | 2021年 / 3卷 / 03期

关键词：

REPRESENTATION; RISK;

D O I：

10.1257/aeri.20200408

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

It is well known that stochastic dominance is equivalent to a unanimity property for monotone expected utilities. For lotteries over a finite set of prizes, we establish an analogous relationship between likelihood ratio dominance and monotone betweenness preferences, which are an important generalization of expected utility.

引用

页码：353 / 366

页数：14

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