Axiomatic Utility Theory under Risk: Non-Archimedean Representations and Application to Insurance Economics by Ulrich Schmidt (Paperback, 1998)

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Axiomatic Utility Theory Under Risk. It goes on to explore approaches to represent preferences which exhibit boundary effects. Ulrich Schmidt, Ulrich Schmidt and Ulrich Schmidt. - a lottery with an infinite expected monetary value -Bernoulli (1738, p. 209) observed that most people would not spend a significant amount of money to engage in that gamble.
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