3 papers
econ.TH2026
Recursive Preferences and Ambiguity Attitudes
Massimo Marinacci, Giulio Principi, Lorenzo Stanca
Monotonicity and recursivity are central assumptions in intertemporal consumption problems under ambiguity. We show that monotone recursive preferences admit both a recursive and a…
math.FA2025
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…
econ.TH2025
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…