Generalized stochastic dominance and bad outcome aversion
研究了在有限备选方案彩票上满足独立性、连续性和坏结果厌恶的不完全偏好,给出了其多期望效用表示,可视为广义随机占优偏好。
Incomplete preferences over lotteries on a finite set of alternatives satisfying, besides independence and continuity, a property called bad outcome aversion are considered. These preferences are characterized in terms of their specific multi-expected utility representations (cf. Dubra et al., J Econ Theory, 115:118–133, 2004), and can be seen as generalized stochastic dominance preferences.