A correspondence theorem between expected utility and smooth utility

Soo Hong Chew; Larry G. Epstein; Itzhak Zilcha

doi:10.1016/0022-0531(88)90159-7

A correspondence theorem between expected utility and smooth utility

Soo Hong Chew, Larry G. Epstein, Itzhak Zilcha

School of Economics

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

Abstract

This paper presents an ordinal definition of smoothness of a preference functional on the space of probability distributions with supports in Rⁿ. A theorem is provided which translates propositions in expected utility into corresponding propositions for the class of smooth preferences.

Original language	English
Pages (from-to)	186-193
Number of pages	8
Journal	Journal of Economic Theory
Volume	46
Issue number	1
DOIs	https://doi.org/10.1016/0022-0531(88)90159-7
State	Published - Oct 1988

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A correspondence theorem between expected utility and smooth utility

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