choosing a solution is modeling the decision maker's attitude to risk. The expected utility theory was the first approach that … extensions of the original expected utility theory, and the analysis of the main properties of the cumulative prospect theory … even more effective approaches to solving this problem. Currently, the most developed theory of choice with respect to …

probability distortions that explain violations of the linear probability model for expected utility theory (EUT). Quantum … probability theory (QPT) extends the probability distortion paradigm with state dependent preferences, and non-Kolmogorov quantum …

An alternative preference foundation for expected utility is provided. Our segregated approach considers four … and continuity of a preference relation, characterize expected utility. Furthermore, if rank-dependent separability is … dropped, expected utility still holds on each subset of three-outcomes lotteries that give positive probability to both the …

Expected utility theory is critical for modeling rational decision making under uncertainty, guiding economic agents as … expected utility for various utility functions, significantly broadening the potential for analytical and computational …