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 …

sets simulated for Full Signal Detection Theory and its special cases of standard Signal Detection Theory and Complementary … Signal Detection Theory. …

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 …

This work covers a substantial mosaic of related concepts in utility theory as applied to financial decision-making. It …-Morgenstern expected utility theory; exploring its major pitfalls before moving into what is postulated as an entropic notion of utility …

the conditions under which the lifetime utility function takes this form, both under expected utility theory and under … rank-dependent utility theory, which is currently the most important nonexpected utility theory. If cost …

/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 …