Abstract
According to the expected utility axioms, a decision maker with utility function u(x) for wealth x assigns the following subjective value to an uncertain prospect with cumulative distribution function F(x).
It is assumed here that wealth level x is positive and that prospect F has moments of all orders.
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© 1989 Springer-Verlag New York Inc.
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Whitmore, G.A. (1989). Stochastic Dominance for the Class of Completely Monotonic Utility Functions. In: Fomby, T.B., Seo, T.K. (eds) Studies in the Economics of Uncertainty. Springer, New York, NY. https://doi.org/10.1007/978-1-4613-8922-4_5
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DOI: https://doi.org/10.1007/978-1-4613-8922-4_5
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