文章基本信息

标题：Testing theories of financial decision making
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作者：Christopher P. Chambers ; Federico Echenique ; Kota Saito 等
期刊名称：Proceedings of the National Academy of Sciences
印刷版ISSN：0027-8424
电子版ISSN：1091-6490
出版年度：2016
卷号：113
期号：15
页码：4003-4008
DOI：10.1073/pnas.1517760113
语种：English
出版社：The National Academy of Sciences of the United States of America
摘要：We describe the observable content of some of the most widely used models of decision under uncertainty: models of translation invariant preferences. In particular, we characterize the models of variational, maxmin, constant absolute risk aversion, and constant relative risk aversion utilities. In each case we present a revealed preference axiom that is satisfied by a dataset if and only if the dataset is consistent with the corresponding utility representation. We test our axioms using data from an experiment on financial decisions.
关键词：revealed preference ; translation invariance ; homotheticity ; uncertainty