of lotteries. Dagsvik provides conditions under which there exists a linear utility function such that the probabilityof … straightforward extension of the Expected Utility Theorem …

markets and Epstein-Zin stochastic differential utility. Duality between the primal and dual problems is established … conditions on market model, utility specification, and agent's admissible strategy. Meanwhile the minimizer of the dual problem … is identified as the utility gradient of the primal value and is economically interpreted as the "least favorable …

to reconcile this fact with Merton's theory of optimal portfolio selection for wealth maximising agents. In this paper we …

expected utility. The first part of our discussion focus on the relationship between central moments, different order integrals … different form of expected utility. Part of our results could be viewed as a generalization of theorems in Chan, et al. (2012 …