Pires, Cesaltina; Dionisio, Andreia; Coelho, Luís - Centro de Estudos e Formação Avançada em Gestão e … - 2010
This paper estimates von Neumann andMorgenstern utility functions comparing the generalized maximum entropy (GME) with OLS, using data obtained by utility elicitation methods. Thus, it provides a comparison of the performance of the two estimators in a real data small sample setup. The results...