Decision Making Under Uncertainty: The Case of State-Dependent Preference

By Edi Karni

This book presents a self-contained, comprehensive, and unified treatment of the theory of decision making under uncertainty with state dependent preferences. The author begins by setting forth axiomatic foundations of subjective expected utility theory with stat-dependent preferences. He then develops measures of risk aversion and of risk for state-dependent utility functions and shows how they can be applied to decisions involving health and life insurance.

• Format: Hardcover
• Language: English
• ISBN: 0674195256
• ISBN13: 9780674195257
• Release Date: November 1985
• Publisher: Harvard University Press
• Length: 176 Pages
• Weight: 1.00 lbs.
• Dimensions: 9.8" x 0.8" x 6.5"