Abstract
Incomplete preferences over lotteries on a finite set of alternatives satisfying, besides independence and continuity, a property called bad outcome aversion are considered. These preferences are characterized in terms of their specific multi-expected utility representations (cf. Dubra et al., J Econ Theory, 115:118–133, 2004), and can be seen as generalized stochastic dominance preferences.
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Open Access This is an open access article distributed under the terms of the Creative Commons Attribution Noncommercial License (https://creativecommons.org/licenses/by-nc/2.0), which permits any noncommercial use, distribution, and reproduction in any medium, provided the original author(s) and source are credited.
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Peters, H., Schulteis, T. & Vermeulen, D. Generalized stochastic dominance and bad outcome aversion. Soc Choice Welf 35, 285–290 (2010). https://doi.org/10.1007/s00355-010-0441-1
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DOI: https://doi.org/10.1007/s00355-010-0441-1