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No 874:
Living without state-independence of utilities

Brian Hill ()

Abstract: This paper is concerned with the representation of preferences which do not satisfy the ordinary axioms for state-independent utilities.

Keywords: Elicitation; Subjective Probability; Subjective Expected Utility; Statedependent utility; Small worlds; (follow links to similar papers)

JEL-Codes: C60; D81; (follow links to similar papers)

19 pages, July 13, 2007

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