Under stochastic dominance choquet-expected utility and anticipated utility are identical
| Authors |
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| Publication date |
1990
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| Journal |
Theory and Decision
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| Volume | Issue number |
29
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| Pages (from-to) |
119-132
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| Organisations |
-
Faculty of Economics and Business (FEB) - Amsterdam School of Economics Research Institute (ASE-RI)
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| Abstract |
The aim of this paper is to convince the reader that Choquet-expected utility, as initiated by Schmeidler (1982) for decision making under uncertainty, when formulated for decision making under risk naturally leads to Yaari (1987)'s anticipated utility. Thus the two generalizations of expected utility in fact are one.
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| Document type |
Article
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| Published at |
https://doi.org/10.1007/BF00126589
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