高级微观济学作业:不确定性下选择与风险偏好.pdfVIP

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高级微观济学作业:不确定性下选择与风险偏好.pdf

AdvancedMicroeconomicsI

AnstoPartIV:ChoiceunderUncertainty

PeiQIAO

December1,2017

Q46GeometricRepresentationofPreferencesoverLotteries

Thecontinuityaxiominsuresthepreferencesonlotteriescanberepresentedbysomeutilityfunction.

Theceaxiominsuresthattheindifferencecurvesarestraightandparallellines.

Figure1:Geometricrepresentationofexpectedutility

proof:Supp

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