utility', SWB has recently been compared to 'decision utility' using specific experiments, most often based on stated …

Currently, economists' models of the evolutionary selection of utility function parameters are generally based on two … assumptions. First, it is assumed that utility parameters must serve Darwinian fitness, in the sense that individuals who maximize … utility are also maximizing their biological survivability. Second, it is assumed that utility parameters accurately reflect …

Influential economic approaches as random utility models assume a monotonic relation between choice frequencies and …

Utility Theory – a new theory of decision making under conditions of risk …The paper presents a method for lottery valuation using the relative utility function. This function was presented by … Kontek (2009) as 'the aspiration function' and resembles the utility curve proposed by Markowitz (1952A). The paper discusses …

decision maker is a fully rational expected utility maximizer only within a certain range. Range-dependent utility enables …-dependent utilities can be normalized to obtain decision utility -- a single utility function able to describe decisions involving … indicate that the decision utility should be of S-shape …