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EnglishIf we study the expected utility function then we deal with a unified approach to an integrated formulation of decision theory in its two subjective components: utility and probability. We decompose the expected utility function inside of an m-dimensional linear space after decomposing a contingent consumption plan viewed as a univariate random quantity. We propose a condition of coherence compatible with all possible attitudes in the face of risk of a consumer. It is a geometric condition of coherence. In particular, we consider a risk-neutral consumer and his coherent decisions under uncertainty. The right closed structure in order to deal with utility and probability is a linear space in which we study coherent decisions under uncertainty having as their goal the maximization of the prevision of the utility associated with a contingent consumption plan.
A risk-neutral consumer and his coherent decisions under uncertainty: a methodological analysis / Angelini, Pierpaolo. - In: INTERNATIONAL JOURNAL OF ECONOMICS AND FINANCE. - ISSN 1916-9728. - (2020).
| Titolo: | A risk-neutral consumer and his coherent decisions under uncertainty: a methodological analysis |
| Autori: | ANGELINI, PIERPAOLO (Corresponding author) |
| Data di pubblicazione: | 2020 |
| Rivista: | |
| Citazione: | A risk-neutral consumer and his coherent decisions under uncertainty: a methodological analysis / Angelini, Pierpaolo. - In: INTERNATIONAL JOURNAL OF ECONOMICS AND FINANCE. - ISSN 1916-9728. - (2020). |
| Handle: | http://hdl.handle.net/11573/1429469 |
| Appartiene alla tipologia: | 01a Articolo in rivista |
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|---|---|---|---|---|
| Angelini_risk-neutral_2020.pdf | Documento in Post-print (versione successiva alla peer review e accettata per la pubblicazione) |  | Open Access Visualizza/Apri |
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