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 extends the expected utility models of decision making under risk and under uncertainty to include incomplete beliefs and tastes. The main results are two axiomatizations of the multi-prior expected multi-utility representations of preference relation under uncertainty, thereby...

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...