Comparative Statics for the Subjective
Fuente:
arXiv
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| Autore principale: | |
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| Natura: | Preprint |
| Pubblicazione: |
2025
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| _version_ | 1866909622836658176 |
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| author | Whitmeyer, Mark |
| author_facet | Whitmeyer, Mark |
| contents | I study robust comparative statics for risk-averse subjective expected utility (SEU) maximizers. Starting with a finite menu of actions totally ordered by sensitivity to risk, I identify the transformations of her menu that lead a decision-maker to take a lower action, regardless of her particular utility function or belief. My main results reveal that a robust decrease in the action selected is guaranteed by an intuitive steepening/tilting of the actions' payoffs and necessitates a slightly weaker such steepening. This basic pattern generalizes to a broad class of non-EU preferences. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2501_12926 |
| institution | arXiv |
| publishDate | 2025 |
| record_format | arxiv |
| spellingShingle | Comparative Statics for the Subjective Whitmeyer, Mark Theoretical Economics I study robust comparative statics for risk-averse subjective expected utility (SEU) maximizers. Starting with a finite menu of actions totally ordered by sensitivity to risk, I identify the transformations of her menu that lead a decision-maker to take a lower action, regardless of her particular utility function or belief. My main results reveal that a robust decrease in the action selected is guaranteed by an intuitive steepening/tilting of the actions' payoffs and necessitates a slightly weaker such steepening. This basic pattern generalizes to a broad class of non-EU preferences. |
| title | Comparative Statics for the Subjective |
| topic | Theoretical Economics |
| url | https://arxiv.org/abs/2501.12926 |