Frontmatter -- Preface -- Contents -- Introduction -- 1 A Theory of Choice under Uncertainty with State-Dependent Preferences -- 2 The Measurement of Risk Aversion -- 3 Risk Aversion with State-Dependent Preferences: Some Economic Applications -- 4 Risk Aversion and the Demand for Life Insurance...

This paper axiomatizes expected multi-utility representations of incomplete preferences under risk and under uncertainty. The von Neumann-Morgenstern expected utility model with incomplete preferences is revisited using a "constructive" approach, as opposed to earlier treatments that use convex...