New Tools to Better Model Behavior Under Risk and UNcertainty: An Oevrview

Normative models of behaviour under risk in the framework of expected utility (EU) or under uncertainty in the framework of subjective expected utility (SEU) are very limited. In this survey paper, it is shown that non-expected utility (non-EU) models based on the Choquet integral allow for much more diversified behavior, both under risk and under uncertainty.

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Year of publication:	1997
Authors:	Chateauneuf, A. ; Cohen, M. ; Meilijson, I.
Institutions:	Centre de recherche de mathématiques et économie mathématique (CERMSEM), Centre d'Économie de la Sorbonne
Subject:	RISK \| UTILITY FUNCTION \| MODELS

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Series:	Papiers d'Economie Mathématique et Applications.
Type of publication:	Book / Working Paper
Notes:	21 pages
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty ; C60 - Mathematical Methods and Programming. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005663617