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Journal of Economics

, Volume 50, Issue 3, pp 257–268 | Cite as

Expected utility and the Siegel paradox

  • Hans-Werner Sinn
Articles

Keywords

Economic Theory International Economic 
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References

  1. Arrow, K. J. (1970):Essays in the Theory of Risk Bearing. Amsterdam: North-Holland.Google Scholar
  2. Bernoulli, D. (1738): “Specimen theoriae novae de mensura sortis.” Commentarii academiae scientiarum imperialis Petropolitanae 5, St. Petersburg, pp. 175–192. German translation by A. Pringsheim (1896):Versuch einer neuen Theorie der Wertbestimmung von Glücksfällen. Leipzig: Duncker und Humblot. English translation by L. Sommer (1954): “Exposition of a New Theory on the Measurement of Risk.”Econometrica 22: 23–36.Google Scholar
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  5. Kemp, M. C., and Sinn, H.-W. (1989): “The Siegel Paradox as a General Equilibrium Phenomenon.” Discussion paper No. 89-11. University of Munich.Google Scholar
  6. McCulloch, J. H. (1975): “Operational Aspects of the Siegel Paradox.”Quarterly Journal of Economics 89: 170–172.Google Scholar
  7. Roper, D. E. (1975): “The Role of Expected Value Analysis for Speculative Decisions in the Forward Currency Market.”Quarterly Journal of Economics 89: 157–169.Google Scholar
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  9. — (1975): “Reply-Risk, Interest Rates, and the Forward Exchange.”Quarterly Journal of Economics 89: 173–175.Google Scholar
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Copyright information

© Springer-Verlag 1989

Authors and Affiliations

  • Hans-Werner Sinn
    • 1
  1. 1.Seminar für VersicherungswissenschaftLudwig-Maximilians-UniversitätMünchen 22Germany

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