This article reviews recent developments in revealed preference theory. It discusses the testable implications of …, subjected expected utility and maxmin expected utility in the presence of uncertainty, and exponentially discounted utility for … different qualifications depending on the functional forms in the theory under consideration …

degree of pessimism of the representative agent is the mean of the individual ones weighted by their index of absolute risk …

Future events are uncertain by their very nature. Therefore, people's risk preferences are likely to play a role in the … valuation of allegedly guaranteed future outcomes. We show that future uncertainty conjointly with people's proneness to … hyperbolic discounting and subadditivity of discount factors. Moreover, our approach implies that higher uncertainty of future …