choices can be excluded on the basis of a decision maker's v. Neumann-Morgenstern utility function, her knowledge of past … normative theory as well. -- Bayesianism ; Bayesian learning ; decision theory ; expectations ; learning ; rational expectations … ; rationality ; rationalizability ; subjectively expected utility theory ; subjective probability …

model generalizes many well known utility functions for intertemporal decision making under risk. A decision maker with a …We propose a novel utility representation for preferences over risky timed outcomes. The weighted temporal utility … weighted temporal utility function can have time consistent yet non-stationary preferences or stationary yet time inconsistent …

. Decision Utility Theory presents an alternative solution, which makes no use of this concept. The new theory distinguishes … (1952), and applies the expected decision utility value similarly to the theory by von Neumann and Morgenstern (1944 …). Decision Utility Theory proposes straightforward risk measures, presents a simple explanation of risk attitudes by using the …

. Decision Utility Theory presents an alternative solution, which makes no use of this concept. The new theory postulates a … double S-shaped decision utility curve similar to the one hypothesized by Markowitz (1952), and applies the expected decision … utility value similarly to the theory of von Neumann and Morgenstern (1944). This work is a PhD dissertation; it contains …

We establish a convergence theorem that shows that discrete-time recursive utility, as developed by Kreps and Porteus … (1978), converges to stochastic di erential utility, as introduced by Du e and Epstein (1992), in the continuous-time limit …

Classically, risk aversion is equated with concavity of the utility function. In this work we explore the conceptual …, thus providing a conceptual foundation for the classical definition. The implications of the theory are discussed … insurance. The entire study is within the expected utility framework …