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Persistent link: https://www.econbiz.de/10005388146
In the paradigm of von Neumann and Morgenstern (1947), a representation of affine preferences in terms of an expected utility can be obtained under the assumption of weak continuity. Since the weak topology is coarse, this requirement is a priori far from being negligible. In this work, we...
Persistent link: https://www.econbiz.de/10010608649