of beliefs (or ambiguity), imprecision of tastes (or multi-utility), and state dependence of utility. Examples include … phenomena, as well as state-dependent multi-utility generalisations of popular ambiguity models …Many decision situations involve two or more of the following divergences from subjective expected utility: imprecision …

functions ; Composite cumulative prospect theory ; Composite rank dependent utility theory ; Insurance; St. Petersburg paradox … theories, rank dependent utility (RDU) and cumulative prospect theory (CP) incorporate (i) but not (ii). By contrast, prospect … moment. As illustrative examples, we also show that CCP allows us to resolve three paradoxes: the insurance paradox, the …

choices can be excluded on the basis of a decision maker's v. Neumann-Morgenstern utility function, her knowledge of past … ; rationality ; rationalizability ; subjectively expected utility theory ; subjective probability …

utility of these equivalent unambiguous beliefs. Such an approach makes it possible to disentangle uncertainty aversion …

We propose a novel utility representation for preferences over risky timed outcomes. The weighted temporal utility … model generalizes many well known utility functions for intertemporal decision making under risk. A decision maker with a … weighted temporal utility function can have time consistent yet non-stationary preferences or stationary yet time inconsistent …

economics. Building on reference dependent utility models we propose a new measure of both (perceived) multi-period poverty and …