The epsilon-Gini-contamination multiple priors model admits a linear-mean-standard-deviation utility representation

被引：5

作者：

Grant, Simon

Kajii, Atsushi

机构：

[1] Rice Univ, Dept Econ, Houston, TX 77251 USA

[2] Kyoto Univ, Inst Econ Res, Kyoto, Japan

来源：

ECONOMICS LETTERS | 2007年 / 95卷 / 01期

关键词：

subjective probability; maximin expected utility; relative Gini concentration index; mean-variance utility;

D O I：

10.1016/j.econlet.2006.09.012

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We introduce the epsilon-Gini-contamination multiple priors model in which the set of priors are those probability measures that are 'close' to a central P with respect to the relative Gini concentration index. We show that such preferences can be represented by a linear-mean-standard-deviation utility function on a restricted domain. (c) 2006 Elsevier B.V. All rights reserved.

引用

页码：39 / 47

页数：9

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