Nonexpected utility as aversion of information
P Wakker�- Journal of Behavioral decision making, 1988 - Wiley Online Library
P Wakker
Journal of Behavioral decision making, 1988•Wiley Online LibraryNonexpected utility as aversion of information Page 1 Journal of Behdvioral Decision
Making, Vol. I, 169-175 (1988) Nonexpected Utility as Aversion of Information PETER
VWKKER University of Nijmegen, The Netherlands ABSTRACT This paper argues that a
violation of the independence condition, used by von Neumann and Morgenstern to
characterize expected utility maximization, will always lead to the existence of choice
situations in which information-aversion is exhibited. KEY WORDS Sure-thing principle Von�…
Making, Vol. I, 169-175 (1988) Nonexpected Utility as Aversion of Information PETER
VWKKER University of Nijmegen, The Netherlands ABSTRACT This paper argues that a
violation of the independence condition, used by von Neumann and Morgenstern to
characterize expected utility maximization, will always lead to the existence of choice
situations in which information-aversion is exhibited. KEY WORDS Sure-thing principle Von�…
Abstract
This paper argues that a violation of the independence condition, used by von Neumann and Morgenstern to characterize expected utility maximization, will always lead to the existence of choice situations in which information-aversion is exhibited.
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