's empirical findings under risk. Furthermore, no significant differences are detected across contexts as regards utility and loss … components (i.e., utility, loss aversion, and weighting functions) in two decision contexts: situations where alternatives are …

A hypothesis of uncertain future was created and first applied in the field of utility and prospect theories. An …

nonincreasing absolute risk aversion. Also, under certain conditions, it generates an expected utility function that is maximizable …The exponential utility function for money has long attracted attention from theorists because it exhibits … exponential utility function does not conform to the Von Neumann-Morgenstern axioms. Hence, it cannot be used as a basis for best …

A nonlinear production function can cause gambling or insuring in a risk situation. This result holds independently of … the shape of the utility function for income. When a random variable enters an entrepreneur's production function with …

. First, risk attitude for couples is compatible with PT and incorporates deviations from expected utility similar to those … theoretical framework for decision under risk. Our experimental method, based on certainty equivalents, allows to infer … measurements of utility and probability weighting at the individual level and at the couple level. Our main results are twofold …

reliance on Taylor’s approximations and the indirect utility function. …

used general behavioral models of decision under risk and over time and measured utility, probability weighting, and …Author's abstract. This paper study decision-making under risk and decision-making over time made by couples. We … performed a joint experimental elicitation of risk and time preferences both for couples and for their individual members. We …

this theorem to explain the well-known problems of utility and decision theories, such as risk aversion, the underweighting …