Show simple item record

dc.contributor.authorGreen, Jerry
dc.date.accessioned2009-08-04T20:01:38Z
dc.date.issued1987
dc.identifier.citationGreen, Jerry. 1987. "Making book against oneself," the independence axiom, and nonlinear utility theory. Quarterly Journal of Economics 102(4): 785-796.en
dc.identifier.issn0033-5533en
dc.identifier.issn1531-4650en
dc.identifier.urihttp://nrs.harvard.edu/urn-3:HUL.InstRepos:3203640
dc.description.abstractAn individual with known preferences over lotteries can be led to accept random wealth distributions different from his initial endowment by a sequential process in which some uncertainty is resolved and he is offered a new lottery in place of the remaining uncertainty. This paper examines the restrictions that can be placed on an individual's preferences by axioms that stipulate that such a process not be able to generate a new wealth distribution that is <i>prima facie</i> inferior to the original. The relationship of these axioms to the independence axiom of von Neumann and Morgenstern and to the quasi convexity of preferences in the wealth distribution are explored.en
dc.description.sponsorshipEconomicsen
dc.language.isoen_USen
dc.publisherMIT Pressen
dc.relation.isversionofhttp://dx.doi.org/10.2307/1884281en
dash.licenseLAA
dc.title"Making book against oneself," the Independence Axiom, and Nonlinear Utility Theoryen
dc.relation.journalQuarterly Journal of Economicsen
dash.depositing.authorGreen, Jerry
dc.identifier.doi10.2307/1884281*
dash.contributor.affiliatedGreen, Jerry


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record