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

^*Corresponding author for this work

School of Economics

Johns Hopkins University
University of Toronto

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

17 Scopus citations

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

Access to Document

10.1016/0022-0531(88)90159-7

Cite this

@article{513d67548cbb4b71a2e763ef6dc990c5,

title = "A correspondence theorem between expected utility and smooth utility",

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.",

author = "Chew, \{Soo Hong\} and Epstein, \{Larry G.\} and Itzhak Zilcha",

year = "1988",

month = oct,

doi = "10.1016/0022-0531(88)90159-7",

language = "אנגלית",

volume = "46",

pages = "186--193",

journal = "Journal of Economic Theory",

issn = "0022-0531",

publisher = "Academic Press Inc.",

number = "1",

}

TY - JOUR

T1 - A correspondence theorem between expected utility and smooth utility

AU - Chew, Soo Hong

AU - Epstein, Larry G.

AU - Zilcha, Itzhak

PY - 1988/10

Y1 - 1988/10

N2 - 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.

AB - 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.

UR - https://www.scopus.com/pages/publications/0043058532

U2 - 10.1016/0022-0531(88)90159-7

DO - 10.1016/0022-0531(88)90159-7

M3 - ???researchoutput.researchoutputtypes.contributiontojournal.article???

AN - SCOPUS:0043058532

SN - 0022-0531

VL - 46

SP - 186

EP - 193

JO - Journal of Economic Theory

JF - Journal of Economic Theory

IS - 1

ER -

A correspondence theorem between expected utility and smooth utility

Abstract

Access to Document

Other files and links

Fingerprint

Cite this