Maxmin under risk

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Randomization and Ambiguity Aversion (2020, background): “17The right-hand side of (4) is similar to the representation in Maccheroni (2002), but our choice domain, proof strategy, and research questions differ from his.”
Cautious Expected Utility and the Certainty Effect (2015, background): “Second, one of Maccheroni (2002)’s key axioms is Best Outcome Independence, which states that for each p, q ∈ ∆ and each λ ∈ (0, 1), p q if and only if λp + (1− λ) δb λq + (1− λ) δb.”
Expected utility theory without the completeness axiom (2004, background): “from nonunique priorsor multiple utility functions . Gilboa and Schmeidler [9], for instance, develops a decision theory in which a single utility value is assigned to each horse race lottery by taking the minimum of thisset, and dually, Maccheroni [ 12 ] shows that a particular relaxation of the in”
Robust return risk measures (2017, unknown): “This setting is analogous to a worst-case approach under a multiplicity of utility functions as considered by Maccheroni [29] and Cerreia-Vioglio et al. [8].”