Jump to ContentJump to Main Navigation
The Handbook of Rational and Social Choice$
Users without a subscription are not able to see the full content.

Paul Anand, Prasanta Pattanaik, and Clemens Puppe

Print publication date: 2009

Print ISBN-13: 9780199290420

Published to Oxford Scholarship Online: May 2009

DOI: 10.1093/acprof:oso/9780199290420.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 22 August 2019

State‐Dependent Utility

State‐Dependent Utility

Chapter:
(p.222) CHAPTER 9 State‐Dependent Utility
Source:
The Handbook of Rational and Social Choice
Author(s):

Edi Karni

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199290420.003.0010

This chapter reviews the foundational issues raised when the evaluation of consequences is state‐dependent and discusses the various approaches to addressing them. In addition, exposes the theory of risk aversion in the presence of state‐dependent preferences and applies it to the analysis of optimal choice of disability insurance.

Keywords:   state‐dependent preferences, risk aversion, disability insurance, moral hazard

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .