A generalization of one dimensional Expected Utility Model is proposed considering a vector utility function. The risk aversion is studied and a measure for it is provided. The multidimensional model is moreover applied to problems of intertemporal choices.
Multiattribute Utility and Intertemporal Choices: the role of certainty equivalent manifold
CIGOLA, MARGHERITA;PECCATI, LORENZO
2001
Abstract
A generalization of one dimensional Expected Utility Model is proposed considering a vector utility function. The risk aversion is studied and a measure for it is provided. The multidimensional model is moreover applied to problems of intertemporal choices.
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