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framework of game theory in order to better fit with the results of rapidly increasing laboratory experiments concerned with …
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Expected Utility Theory -- Alternative Descriptive Models -- A Positivistic Test of EU Theory -- An Experimental Study … undertaken regarding the descrip­ tive validity of expected utility theory as a model of choice under uncer­ tainty. His … protec­ tion against low-probability events. For example, he shows that the insur­ ance purchase decision is influenced by …
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