112 citations · 128 across the 13 of their papers we have counts for
20 papers
Disappointment Aversion and Expectiles
Fabio Bellini, Fabio Maccheroni, Tiantian Mao +2
This paper recasts Gul's (1991) theory of disappointment aversion in a Savage framework, with general outcomes, new explicit axioms of disappointment aversion, and novel explicit r…
Affine Gateaux Differentials and the von Mises Statistical Calculus
Simone Cerreia-Vioglio, Fabio Maccheroni, Massimo Marinacci +2
This paper presents a general study of one-dimensional differentiability for functionals defined on convex domains that are not necessarily open. The local approximation is carried…
Risk Aversion and Insurance Propensity
Fabio Maccheroni, Massimo Marinacci, Ruodu Wang +1
We provide a new foundation of risk aversion by showing that this attitude is fully captured by the propensity to seize insurance opportunities. Our foundation, which applies to al…
Capacities and Choquet Averages of Ultrafilters
Simone Cerreia-Vioglio, Paolo Leonetti, Fabio Maccheroni +1
We show that a normalized capacity is invariant with respect to an ideal on if and only if it can be represent…
Algorithmic Decision Processes
Carlo Baldassi, Fabio Maccheroni, Massimo Marinacci +1
We develop a full-fledged analysis of an algorithmic decision process that, in a multialternative choice problem, produces computable choice probabilities and expected decision tim…
Conditional divergence risk measures
Giulio Principi, Fabio Maccheroni
Our paper contributes to the theory of conditional risk measures and conditional certainty equivalents. We adopt a random modular approach which proved to be effective in the study…