Conte, Anna (contributor); Hey, John Denis (contributor); … - 2007
Model to capture the heterogeneity of
preference functionals.
Keywords: expected utility theory, maximum simulated … likelihood, mixture models, rank dependent
expected utility theory, heterogeneity.
JEL codes: C15, C29, C51, C87, C91, D … criticisms of Expected Utility made by Allais (for example, in Allais
1953) and others, theorists have been active in developing …