Cerreia-Vioglio, Simone; Maccheroni, Fabio; Marinacci, … - Collegio Carlo Alberto, Università degli Studi di Torino - 2008
We study uncertainty averse preferences, that is, complete and transitive preferences that are convex and monotone. We establish a representation result, which is at same time general and rich in structure. Many objective functions commonly used in applications are special cases of this...