Rabin’s calibration theorem revisited

Anne Balter; Ki Wai Chau; Nikolaus Schweizer

doi:10.1016/j.econlet.2021.110166

Rabin’s calibration theorem revisited

Research output: Contribution to journal › Article › Scientific › peer-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 language	English
Article number	110166
Journal	Economics Letters
Volume	210
DOIs	https://doi.org/10.1016/j.econlet.2021.110166
Publication status	Published - Jan 2022

Keywords

expected utility
utility measurement

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10.1016/j.econlet.2021.110166

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title = "Rabin{\textquoteright}s calibration theorem revisited",

abstract = "We simplify and refine the theoretical results behind Rabin{\textquoteright}s famous calibration theorem for expected utility preferences and present the resulting tightened versions of his numerical illustrations.",

keywords = "expected utility, utility measurement",

author = "Anne Balter and Chau, \{Ki Wai\} and Nikolaus Schweizer",

year = "2022",

month = jan,

doi = "10.1016/j.econlet.2021.110166",

language = "English",

volume = "210",

journal = "Economics Letters",

issn = "0165-1765",

publisher = "Elsevier B.V.",

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AU - Balter, Anne

AU - Chau, Ki Wai

AU - Schweizer, Nikolaus

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N2 - 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.

AB - 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.

KW - expected utility

KW - utility measurement

U2 - 10.1016/j.econlet.2021.110166

DO - 10.1016/j.econlet.2021.110166

M3 - Article

SN - 0165-1765

VL - 210

JO - Economics Letters

JF - Economics Letters

M1 - 110166

ER -

Rabin’s calibration theorem revisited

Abstract

Keywords

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