WEIGHTED AND QUADRATIC MODELS OF CHOICE UNDER UNCERTAINTY

Authors
LO KC
Citation
Kc. Lo, WEIGHTED AND QUADRATIC MODELS OF CHOICE UNDER UNCERTAINTY, Economics letters, 50(3), 1996, pp. 381-386
Citations number
15
Categorie Soggetti
Economics
Journal title
Economics letters → ACNP
ISSN journal
01651765
Volume
50
Issue
3
Year of publication
1996
Pages
381 - 386
Database
ISI
SICI code
0165-1765(1996)50:3<381:WAQMOC>2.0.ZU;2-Q
Abstract
This paper extends the weighted and quadratic utility models of choice under risk to the context of choice under uncertainty. An important c haracteristic of the models is that they admit 'dynamically consistent ' updating rules.