under uncertainty is expected to help people take the best decision. However, the widely used expected utility theory values … consequences. By properly assessing the outcomes involved - especially those concerning human life - economic theory of choice …'s unwillingness to accept a low probability of death, contrary to expected utility predictions. This work uses new axioms of choice …

under uncertainty is expected to help people take the best decision. However, the widely used expected utility theory values … consequences. By properly assessing the outcomes involved – especially those concerning human life – economic theory of choice …'s unwillingness to accept a low probability of death, contrary to expected utility predictions. This work uses new axioms of choice …

principles of <i>Expected Utility Theory</i> (EUT) and of <i>Portfolio Selection Theory</i> (PST). The experiment is performed …

Much experimental effort has been expended in attempts to establish the relative superiority of Expected Utility theory …€˜best’ theory emerges as a result of such repetition. We find that for some subjects this does indeed appear to be the case, while …

The linear plus exponential utility function has received increasing attention of late as a particularly attractive …

According to G. Becker, the expected utility model (EUM) is the most powerful social sciences can use. The main reason …