Rabin’s calibration theorem revisited

Research output: Contribution to journalArticleScientificpeer-review

Abstract

We simplify and refine the theoretical results behind Rabin’s famous calibration theorem for expected utility preferences and present the resulting tightened versions of his numerical illustrations.
Original languageEnglish
Article number110166
JournalEconomics Letters
Volume210
DOIs
Publication statusPublished - Jan 2022

Keywords

  • expected utility
  • utility measurement

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