Two-moments decision models and utility-representable preferences
Article Abstract:
The risk preferences of any rational individual are representable by a mean standard deviation utility function as long as a decision problem satisfies Meyer's location-scale condition. The properties of the mean standard deviation utility function are inferred from common axioms concerning the risk preferences of a rational decision maker without considering the expected utility model or any of its alternatives. These properties were found to be similar in their graphical presentations and economic implications.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 1999
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Transactions that did not happen and their influence on prices
Article Abstract:
The impact of consumer bargaining on seller's offer price from the study of wholesale fruit and vegetable market in Marseille is examined.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 2005
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States and the crafting of souls: mind, society, and fiscal sociology
Article Abstract:
A study on the role of fiscal institutions in shaping individual endogenous preferences is presented.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 2006
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