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Cherchye, Laurens and · 2009 · DOI 10.1016/j.jet.2009.11.001

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Discounted Expected Utility: A Revealed Preference Analysis

econ.TH · 2026-06-29 · unverdicted · novelty 6.0

A revealed preference characterization of discounted expected utility with concave utility is derived, providing a nonparametric test that rejects the model on nearly all cases in an experimental dataset even when payments involve risk.

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  • Discounted Expected Utility: A Revealed Preference Analysis econ.TH · 2026-06-29 · unverdicted · none · ref 41

    A revealed preference characterization of discounted expected utility with concave utility is derived, providing a nonparametric test that rejects the model on nearly all cases in an experimental dataset even when payments involve risk.