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Zunehmende Risikoaversion bei geknickten Ergebnisfunktionen

Bültel, Dirk - 1994

Persistent link: https://www.econbiz.de/10004226902

Mathematical Basis of Quantum Decision Theory

Yukalov, Vyacheslav I.; Sornette, Didier

Following the ideas of Bohr, Von Neumann, and Benioff, we formulate quantum decision theory (QDT) as the quantum …-mechanical theory of measurement for probability operators. QDT captures the effect of superposition of composite prospects, including … standard probability theory and of classical utility theory. Our QDT formalizes systematically a broader class of decision …

Persistent link: https://www.econbiz.de/10005162985

Asymmetric loss utility: an analysis of decision under risk

Strashny, Alex - EconWPA - 2004

This paper develops a utility model for evaluating lotteries. In estimating utility, risk averse people use an asymmetric loss function. Expected utility is seen as a special case that is a good approximation in some cases. The model resolves several paradoxes and makes easily falsifiable...

Persistent link: https://www.econbiz.de/10005118544

Asymmetric loss utility: an analysis of decision under risk

Strashny, Alex - EconWPA - 2004

This paper develops a utility model for evaluating lotteries. In estimating utility, risk averse people use an asymmetric loss function. Expected utility is seen as a special case that is a good approximation of the general case in some cases. The model resolves several paradoxes and makes...

Persistent link: https://www.econbiz.de/10005118587