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Decision-foundations for properties of nonadditive measures : general state spaces or general outcome

Wakker, Peter P. - In: Games and economic behavior 50 (2005) 1, pp. 107-125

Persistent link: https://www.econbiz.de/10002561622

Loss aversion and reference points in contracts

Just, David (contributor); Wu, Steve (contributor) - 2005

Persistent link: https://www.econbiz.de/10003113708

Measures of risk attitude : correspondence between mean-variance and expected-utility approaches

Eichner, Thomas; Wagener, Andreas - In: Decisions in economics and finance : DEF ; a journal of … 28 (2005) 1, pp. 53-65

Persistent link: https://www.econbiz.de/10003048375

Expected utiliy theory with "small worlds"

Gyntelberg, Jacob (contributor); Hansen, Frank (contributor) - 2004

Persistent link: https://www.econbiz.de/10002378766

Transitive Regret

Segal, Uzi; Bikhchandani, Sushil - 2010

Preferences may arise from regret, i.e., from comparisons with alternatives forgone by the decision maker. We ask whether regret-based behavior is consistent with non-expected utility theories of transitive choice. We show that the answer is no. If choices are governed by ex ante regret and...

Persistent link: https://www.econbiz.de/10014198623

Subjective Expected Utility Theory with 'Small Worlds'

Gyntelberg, Jacob; Hansen, Frank - 2009

expected utility theory which allows for an intuitive distinction between risk and uncertainty. We also obtain separation of …

Persistent link: https://www.econbiz.de/10014199854

Terrorists' Equilibrium Choices When No Attack Method is Riskless

Phillips, Peter J. - 2018

Von Neumann Morgenstern (NM) expected utility forms a part of the foundations of theoretical defence economics and the economic analysis of terrorism. NM expected utility maximisation can be used to derive important results with implications for government defence policies. However, the amount...

Persistent link: https://www.econbiz.de/10014202668

Climate Change and the Irreversibility Effect - Combining Expected Utility and Maximin

Lange, Andreas - 2014

This paper analyzes decisions on emissions of a stock pollutant under uncertainty in a two period model. Decisions are based on a weighted average of expected utility (EU) and the MaxiMin criterion. I first show that more weight on the worst case (less weight on EU) may lead to increased first...

Persistent link: https://www.econbiz.de/10014113350

Transitive Regret under Uncertainty

Liu, Shuo Li - 2022

Loomes & Sudgen (1982) and Fishburn (1987) asked a long-puzzling question: can the concept of regret be compatible with transitivity? Under risk, Bikhchandani & Segal (BS 2011) proved that any transitive regretbased behavior is expected utility. From von Neumann–Morgenstern framework to...

Persistent link: https://www.econbiz.de/10014081564

A Theory of Quantifiable Beliefs

Karni, Edi; Grant, Simon - 2001

theory of quantifiable beliefs - a form of probabilistic sophistication that does not preclude state-dependent preferences … and does not require the reduction of compound lotteries. The theory includes the state-dependent expected utility model … special cases. The theory is flexible enough to admit recursivity in the decision-making process. One specific example of this …

Persistent link: https://www.econbiz.de/10014141058