an uniform solution of the underweighting of high and the overweighting of low probabilities, of the Allais paradox, risk …

. First, risk attitude for couples is compatible with PT and incorporates deviations from expected utility similar to those …In this article, we elicit both individuals’ and couples’ preferences assuming prospect theory (PT) as a general … theoretical framework for decision under risk. Our experimental method, based on certainty equivalents, allows to infer …

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 …

consequences of the hypothesis in utility and prospect theories are reviewed. Partially unforeseen events and their role in …

devoted to the probability theory and economics. The theorems of existence of the ruptures near the borders of finite …

Expected utility theory is widely acknowledged to be a rational approach to making decisions involving risk. Yet the … methodology gives no explicit role to measures of risk and return. In this paper we identify those families of utility functions … that are compatible with a risk-return interpretation. From these families we deduce utility-compatible measures of risk. …

this theorem to explain the well-known problems of utility and decision theories, such as risk aversion, the underweighting … interpretation, probability theory, statistics, management, finance, investment, insurance, etc. …