rationality principles like first-order stochastic dominance or transitivity. Decision makers with CT-preferences always prefer …We present a preference foundation for Chance Theory (CT), a model of decision making under uncertainty where the … and the potential increments over it are evaluated by subjective expected utility with a risky utility function u. In …

A three-dimension analytical framework for decision under risk is presented, in which preference is defined as a … except that the independence axiom is assumed only for the valuation of utility-reward (u) and disutility-risk (d), compound … utility theory (CUT) is developed that represents reference-dependent preferences in a straightforward manner. As a simple …