This paper studies the relation between concavity, stochastic or state dependent utility functions, and risk aversion …

This article reviews recent developments in revealed preference theory. It discusses the testable implications of … theories of choice that are germane to specific economic environments. The focus is on expected utility in risky environments …, subjected expected utility and maxmin expected utility in the presence of uncertainty, and exponentially discounted utility for …

of investors who maximize rank-dependent utility in a single-period complete market. We prove that investors with a less …

We find the asymptotics of the value function maximizing the expected utility of discounted dividend payments of an … initial reserves tend to infinity. We focus on the power and logarithmic utility functions. We also perform some numerical …

Expected Utility theory is not only applied to individual choices but also to ethical decisions, e.g. in cost … ; Expected Utility theory ; catastrophic risks … EU theory is able to deal with "catastrophic risks", i.e. risks of high, but very unlikely losses, in an ethically …