null hypothesis of subjective expected utility for a majority of subjects. Most of the remaining subjects exhibit …

Expected Utility Theory -- Alternative Descriptive Models -- A Positivistic Test of EU Theory -- An Experimental Study … undertaken regarding the descrip­ tive validity of expected utility theory as a model of choice under uncer­ tainty. His …, task effects, and context effects as they influence behavior. The expected utility hypothesis has come under scrutiny in …