This paper extends Savage's subjective approach to probability and utility from decision problems under exogenous … simple preference relations uniquely identifies the decision maker's utilities and beliefs of all orders. Connections with …

To assist in the decision making process, several multicriteria methods have been proposed. However, the existing …. Hence, the aim of this research is to propose a Utility Function that makes it possible to model Group Multicriteria … Decision Making problems as games. The advantage of using Game Theory for solving Group Multicriteria Decision Making problems …

One of the most well-known models of non-expected utility is Gul (1991)'s model of Disappointment Aversion. This model …, however, is defined implicitly, as the solution to a functional equation; its explicit utility representation is unknown …

experiments. Contrary to the traditional view of expected utility theory, the choices can be explained in large part by previous …