### Abstract

In this paper we consider a two-period decision problem, where the feasible set is the set of "certain × uncertain" consumption pairs. That is, the decision-maker chooses (x, m) in a feasible set, where x is a certain first-period consumption and m is a random second-period consumption, a Borel probability measure on the set of real numbers. The purpose of this paper is to present revealed preference theory for non-expected utility on "certain × uncertain" consumption pairs. We present necessary and sufficient conditions for the data to be consistent with some non-expected utility functions.

Original language | English (US) |
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Pages (from-to) | 54-76 |

Number of pages | 23 |

Journal | Japanese Economic Review |

Volume | 49 |

Issue number | 1 |

State | Published - Jan 1 1998 |

Externally published | Yes |

### ASJC Scopus subject areas

- Economics and Econometrics

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## Cite this

Kamiya, K., & Ichimura, H. (1998). A revealed preference theory for non-expected utility on "certain × uncertain" consumption pairs.

*Japanese Economic Review*,*49*(1), 54-76.