unüblichen Bedingungen gemäß der Theorie kompensierender Lohndifferentiale durch höhere Löhne entlohnt wird. Die Ergebnisse …

preferences beyond the classical concept of expected utility theory. The thesis contains four main chapters.The first two chapters … dependence compared to classical models of expected utility theory. It is shown that some empirical puzzles concerning … utility theory are met. It is shown that the methodological concerns are empirically relevant when a classification of …

theory context of the problem of resource allocation under uncertainty conditions. This thesis describes the resource … irrational self justification based decisions. An alternative research focus favours explanations from prospect theory. Research …, critical of the psychological explanations favours rational explanations derived from the normative theory of expected utility …

/methodology/approach – The paper adopts the conceptual framework of random utility theory via application of a multinomial logit modelling …

-variance portfolio theory, this paper proposes a sequential optimization approach to electric energy allocation between spot and contract …

the design process. These effects are important to consider because, according to Utility Theory, the designer should make …