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Chance theory: A separation of riskless and risky utility |
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| Authors: | Schmidt Ulrich Zank Horst |
| Affiliation: | 1.Kiel Institute for the World Economy, Kiel, Germany ;2.Department of Economics, Christian-Albrechts-Universit?t zu Kiel, Kiel, Germany ;3.Department of Economics and Econometrics, University of Johannesburg, Johannesburg, South Africa ;4.Department of Economics, School of Social Sciences, The University of Manchester, Manchester, UK ; |
| Abstract: | Journal of Risk and Uncertainty - In a temporal context, sure outcomes may yield higher utility than risky ones as they are available for the execution of plans before the resolution of... |
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