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 … contrast to earlier approaches with models that aimed at separating riskless and risky utility, CT does not violate basic …

historical perspective and link our findings to a suggestion as to how decision theory could make use of it today. We emphasize …, with how it generally came to function within decision theory from the late 1970s onwards: that is, as an empirical … refutation of the expected utility hypothesis, and more specifically of the condition of von Neumann-Morgenstern independence …

allow utility values to be derived at the individual level also. The DCE presented respondents with eight pairwise risky … choices to estimate aggregate utility values for three EQ-5D health states, ranging from mild to severe. The design allowed … the elicitation of utility values for worse-than-dead states. Risk was represented using the stimulus used by EuroVaQ …

consumption have direct utility-consequences. This gives rise to informational preferences, i.e., preferences over the timing and …

The quasi-linear quadratic utility model is widely used in economics. The knowledge of its exact origin is less …