Becker, Joao L; Sarin, Rakesh K - In: Journal of Risk and Uncertainty 2 (1989) 1, pp. 105-17
In this article we show how the lottery-dependent expected utility (LDEU) model can be used in decision analysis. The LDEU model is an extension of the classical expected utility (EU) model and yet permits preference patterns that are infeasible in the EU model. We propose a framework of...