Two-Moment Decision Models and Expected Utility Maximization

  • Meyer J
  • 1


    Mendeley users who have this article in their library.
  • N/A


    Citations of this article.


Two-moment decision models are consistent with expected utility maximization only if the choice set or the agent's preferences are restricted. This paper identifies a restriction which is sufficient to ensure this consistency and confirms that it holds in many economic models. The implications for economic analysis are then derived.

Get free article suggestions today

Mendeley saves you time finding and organizing research

Sign up here
Already have an account ?Sign in

Find this document

There are no full text links


  • Jack Meyer

Cite this document

Choose a citation style from the tabs below

Save time finding and organizing research with Mendeley

Sign up for free