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Higher-order differentiability is one of the common properties of von Neumann Morgenstern (vNM) utility functions used in economic applications. In particular, it is indispensable to analyze higher-order attitudes toward risk. We shall study three classes of finite-order differentiable vNM...
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Unlike the traditional normative decision theories under risk, we are concerned with a unary relation, interpreted as subjective acceptability judgment, on the set of all joint probability distributions over two-attributed decision outcomes, where the first attribute describes final wealth...
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