Risk: Is There a Unique Objective Measure? -- Expected Utility Theory -- Stochastic Dominance Decision Rules … Dominance Approach -- Non-Expected Utility and Stochastic Dominance -- Stochastic Dominance and Prospect Theory -- Multivariate …. The non-expected utility approach focuses on Regret Theory (RT) and mainly on prospect theory (PT) and its modified …

prospect theory and its modified version, cumulative prospect theory. Each approach is discussed and compared. In addition … prospect theory and its modified version, cumulative prospect theory. These approaches are discussed and compared in this book … dominance rules and prospect theory, and establishes a new investment decision rule which combines the two and which we call …

framework of game theory in order to better fit with the results of rapidly increasing laboratory experiments concerned with …

In knapper Form stellt dieses essential die Theorie des Erwartungsnutzens verständlich dar. Wer sich in kurzer Zeit … Ursprung der Theorie des Erwartungsnutzens an, leitet die Modelle aus der These des rationalen Verhaltens ab und diskutiert … wissenschaftlichen Pfad der normativen Entscheidung über unsichere Gewinne oder Verluste. Der Inhalt Unsichere Geldanlage Logarithmischer …

This book is written for those seeking a decision theory appropriate for use in serious choices such as insurance. It … standard decision theories like expected utility or cumulative prospect theory. …This book is written for those seeking a decision theory appropriate for use in serious choices such as insurance. It …

context of choice. It covers classic theory as a special, context-free case and gives a systematic overview of new models of …. The presented models will be helpful to scientists in economics, decision making theory, social choice theory, behavioral …

The theory on the evolution of preferences deals with the endogenous formation of preference relations in strategic … situations. It is related to the field of evolutionary game theory. In this book we analyze the role and the influence of general …The theory on the evolution of preferences deals with the endogenous formation of preference relations in strategic …