Search Results - subject:"Utility"

Ghirardato, Paolo; Pennesi, Daniele - In: Economic theory 75 (2023) 4, pp. 1009-1037

Persistent link: https://www.econbiz.de/10014259091

Loss aversion, risk aversion, and the shape of the probability weighting function

Rablen, Matthew D. - 2023

Loss aversion, risk aversion, and the probability weighting function (PWF) are three central concepts in explaining decisionmaking under risk. I examine interlinkages between these concepts in a model of decisionmaking that allows for loss averse/tolerant stochastic reference dependence and...

Persistent link: https://www.econbiz.de/10014292798

Artificial Intelligence and the economics of decision-making

Naudé, Wim - 2023

theory - Expected Utility Theory (EUT) - can help AI systems with utility functions to deal with the problem of instrumental … goals, the possibility of utility function instability, and coordination challenges in multi-actor and human …

Persistent link: https://www.econbiz.de/10014230173

Dynamic inconsistency under ambiguity : an experiment

Caferra, Rocco; Hey, John Denis; Morone, Andrea; … - In: Journal of risk and uncertainty 67 (2023) 3, pp. 215-238

Persistent link: https://www.econbiz.de/10014502508

Comparison of EQ-5D-5L and EORTC QLU-C10D utilities in gastric cancer patients

Pan, Chen-Wei; He, Jun-Yi; Zhu, Yan-Bo; Zhao, Chun-Hua; … - In: The European journal of health economics 24 (2023) 6, pp. 885-893

Persistent link: https://www.econbiz.de/10014328134

Alternative views on the link between risk aversion and diminishing marginal utility of wealt

Menzl, Vojtěch - In: European financial and accounting journal : EFAJ 16 (2021) 2, pp. 51-72

Although the link between risk aversion and diminishing marginal utility of wealth is academically well established …-based support for the concept of relative utility and reconfirmation of the meaningful role of behavioural finance in economics and …

Persistent link: https://www.econbiz.de/10012807566

Multi-object auction design beyond quasi-linearity : leading examples

Zhou, Yu; Serizawa, Shigehiro - 2021

In multi-object auction models with unitary demand agents, if agents utility functions satisfy quasi-linearity, three … preserve their properties beyond quasi-linearity. Nevertheless, we exemplify that with general utility functions, these …

Persistent link: https://www.econbiz.de/10012488699

Prerationality as avoiding predictably regrettable consequences

Hammond, Peter J. - 2022 - Prepublication version: 2022 August 29th

Persistent link: https://www.econbiz.de/10013205233

Market incompleteness, consumption heterogeneity and commodity price shocks

Romero, Damian - 2022

Persistent link: https://www.econbiz.de/10013281354

Generalized Separability and Integrability : Consumer Demand with a Price Aggregator

Fally, Thibault - National Bureau of Economic Research - 2022

functional forms of demand that this property implies when demand is rational, i.e., derived from utility maximization … indirect utility as an additional aggregator. We provide examples and applications which encompass a large variety of examples …

Persistent link: https://www.econbiz.de/10013191091