{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2024,11,19]],"date-time":"2024-11-19T16:40:13Z","timestamp":1732034413464,"version":"3.28.0"},"posted":{"date-parts":[[2024,11,19]]},"reference-count":0,"publisher":"Open Engineering Inc","license":[{"start":{"date-parts":[[2024,11,19]],"date-time":"2024-11-19T00:00:00Z","timestamp":1731974400000},"content-version":"unspecified","delay-in-days":0,"URL":"https:\/\/creativecommons.org\/licenses\/by\/4.0"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":[],"abstract":"<jats:p>We present a theory of expected utility with state-dependent linear utility functions for monetary returns, that incorporates the possibility of loss-aversion. Our results relate to \u201cfirst order stochastic dominance\u201d, \u201cmean-preserving spread\u201d, \u201cincreasing-concave linear utility profiles\u201d and \u201crisk aversion\u201d. As an application of the expected utility theory developed here, we analyze the contract that a monopolist would offer in an insurance market that allowed for partial coverage of loss.<\/jats:p>","DOI":"10.31224\/3858","type":"posted-content","created":{"date-parts":[[2024,8,26]],"date-time":"2024-08-26T21:17:13Z","timestamp":1724707033000},"source":"Crossref","is-referenced-by-count":0,"title":["Loss Aversion and State-Dependent Linear Utility Functions for Monetary Returns"],"prefix":"10.31224","author":[{"given":"Somdeb","family":"Lahiri","sequence":"first","affiliation":[]}],"member":"33966","container-title":[],"original-title":[],"deposited":{"date-parts":[[2024,11,19]],"date-time":"2024-11-19T16:06:56Z","timestamp":1732032416000},"score":1,"resource":{"primary":{"URL":"https:\/\/engrxiv.org\/preprint\/view\/3858\/version\/5650"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2024,11,19]]},"references-count":0,"URL":"https:\/\/doi.org\/10.31224\/3858","relation":{},"subject":[],"published":{"date-parts":[[2024,11,19]]},"subtype":"preprint"}}