TY - JOUR
AU - Karla Flores Zarur
AU - William Olvera López
AU - Leobardo Plata Pérez
PY - 2022/12/16
Y2 - 2023/03/22
TI - A note about the different characterizations of the expected utility theorem
JF - Estudios Económicos
JA - EE
VL - 38
IS - 1
SE - Articles
DO - 10.24201/ee.v38i1.439
UR - https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/439
AB - In this work, we prove the axiomatic equivalence of several characterizations of the Expected Utility Theorem proposed by Mas-Colell et al. (1995), Jehle and Reny (2011), Maschler et al. (2013), and Rubinstein (2012). A general language is used for unifying the notation, and we introduce a recursive definition of the lottery space in the expected utility theory.
ER -