James Chen, CMT is an expert trader, investment adviser, and global market strategist. Thomas J. Brock is a CFA and CPA with more than 20 years of experience in various areas including investing, ...

This paper begins by observing that any reflexive binary (preference) relation (over risky prospects) that satisfies the independence axiom admits a form of expected utility representation. We refer ...

This is a preview. Log in through your library . Abstract The non-expected-utility theories of decision under risk have favored the appearance of new notions of increasing risk like monotone ...

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