The Use of Unbounded Utility Functions in Expected-Utility Maximization: Response

Kenneth J. Arrow

Type: Article

Publication Date: 1974-02-01

Citations: 66

DOI: https://doi.org/10.2307/1881800

View Publication

Locations

The Quarterly Journal of Economics - View

Similar Works

Action	Title	Year	Authors
+	A Differential Approach to Expected Utility Maximizing Mechanisms	1979	Eric Maskin J.J. Laffont
+	Non-Archimedean Utility Theory	1975	Heinz J. Skala
+	Bounded One-Way Expected Utility	1975	Peter C. Fishburn
+	The Expected Utility Theory	1997
+	Admissible Sets of Utility Functions in Expected Utility Maximization	1978	William R. Russell Tae Kun Seo
+	Non-concave utility maximization:	2012	Christian Reichlin
+	Forward–backward systems for expected utility maximization	2014	Ulrich Horst Ying Hu Peter Imkeller Anthony Réveillac Jianing Zhang
+	Expected Utility Theorem:A Pedagogical Note	1984	Kotaro Suzumura
+ PDF Chat	Expected utility operators and coinsurance problem	2020	Irina Georgescu
+	Classical Expected Utility Theory and Its Paradoxes	2023	Andrei Khrennikov
+ PDF Chat	An expansion in the model space in the context of utility maximization	2017	Kasper Larsen Oleksii Mostovyi Gordan Žitković
+ PDF Chat	Expected Qualitative Utility Maximization	2001	Daniel Lehmann
+ PDF Chat	Expected Utility from a Constructive Viewpoint	2024	Kislaya Prasad
+ PDF Chat	A Simple Case of Rationality of Escalation	2013	Pierre Lescanne
+ PDF Chat	Exogenous Consideration and Extended Random Utility	2024	R. G. D. Allen
+	The Origins of Expected Utility Theory	2009	Yvan Lengwiler
+	APPENDIX B. Justification of the Shepsle Utility Function	1988
+	A Manichean theory of Subjective Expected Utility	2011	Denis Bouyssou Thierry Marchant
+	Mean-Variance versus Direct Utility Maximization: A Comment	1986	D. Reid Bernard V. Tew
+	Mean-Variance Versus Direct Utility Maximization: A Comment	1985	Lawrence B. Pulley

Works That Cite This (10)

Action	Title	Year	Authors
+ PDF Chat	A stochastic Ramsey theorem	2011	Zibo Xu
+	On existence of Berk-Nash equilibria in misspecified Markov decision processes with infinite spaces	2024	Robert M. Anderson Haosui Duanmu Aniruddha Ghosh M. Ali Khan
+	The Origins of Expected Utility Theory	2009	Yvan Lengwiler
+	Probability and Neoclassical Uncertainty	2017	Julia Köhn
+	St. Petersburg Portfolio Games	2009	László Györfi Péter Kevei
+	Admissible Sets of Utility Functions in Expected Utility Maximization	1978	William R. Russell Tae Kun Seo
+ PDF Chat	Stochastic Dominance under Independent Noise	2019	Luciano Pomatto Philipp Strack Omer Tamuz
+	Continuous-Time Portfolio Optimisation for a Behavioural Investor with Bounded Utility on Gains	2013	Miklós Rásonyi Andrea M. Rodrigues
+ PDF Chat	Continuous-Time Portfolio Optimisation for a Behavioural Investor with Bounded Utility on Gains	2014	Miklós Rásonyi Andrea M. Rodrigues
+ PDF Chat	Evaluating gambles using dynamics	2016	Ole Peters Murray Gell‐Mann

Works Cited by This (0)

Action	Title	Year	Authors