This paper is motivated by the search for one cardinal utility for decisions under risk, welfare evaluations, and other … contexts. This cardinal utility should have meaning prior to risk, with risk depending on cardinal utility, not the other way … around. The rank-dependent utility model can reconcile such a view on utility with the position that risk attitude consists …

impact will always be negative, even for an intertemporal substitution elasticity below 1. In the standard expected-utility …

Methods for determining the form of utilities are needed for the implementation of utility theory in specific decisions …. An important step forward was achieved when utility theorists characterized useful parametric families of utilities, and … simplifying decompositions of multiattribute utilities. The standard development of these results is based on expected utility …

This paper compares classical expected utility with the more general rank-dependent utility models. First we show that … it is the difference between the independence condition for preferences of expected utility and its comonotonic … generalization in rank-dependent utility, that provides the exact demarcation between the two models. Other axiomatic differences are …

This paper provides a state-dependent extension of Savage's expected utility when outcomes are real-valued (money …, distance, etc.) and utility is increasing (or, equivalently, the "loss function" is decreasing). The first novelty concerns the …

expenditures for demand-side capacity options before the electric utility takes any of these actions. Once the Commission orders … certification of such an action by the electric utility, the utility can automatically recover, with certain exceptions, the costs …

expenditures for demand-side capacity options before the electric utility takes any of these actions. Once the Commission orders … certification of such an action by the electric utility, the utility can automatically recover, with certain exceptions, the costs …

The Utility Accommodation Policy (UAP) is a collection of the regulations and practices to control the utility … (2002) “Present FHWA regulations, policies, and practices dealing with utility relocation and accommodation matters have … imperative to develop a utility accommodation policy that reflects the current needs of the industry. The current utility …

This work is an initial exploration of the use of the decision-theoretic concept of utility to guide pattern mining. We … present the use of utility functions as against thresholds and constraints as the mechanism to express user preferences and … formulate several pattern mining problems that use utility functions. Utility guided pattern mining provides the twin benefits …