| Article ID: | iaor1989278 |
| Country: | Switzerland |
| Volume: | 19 |
| Start Page Number: | 219 |
| End Page Number: | 228 |
| Publication Date: | May 1989 |
| Journal: | Annals of Operations Research |
| Authors: | Wakker Peter P. |
It is shown that assumptions about risk aversion, usually studied under the presupposition of expected utility maximization, have a surprising extra merit at a early stage of the measurement work: together with the sure-thing principle, these assumptions imply subjective expected utility maximization for monotonic continuous weak orders.