The paper presents a heuristic for determining the path that maximizes the expected utility of a stochastic acyclic network. The focus is on shortest route problems where a general, nonlinear utility function is used to measure outcomes. For such problems, enumerating all feasible paths is the...

This paper examines experimentally the nature of people's risk-attitudes across different payoff domains and response modes. Only simple gambles are examined, entailing just two monetary outcomes. The main issue of interest is to what extent risk-preferences in one domain or response mode...