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Objective and subjective expected utility with incomplete preferences
Galaabaatar, Tsogbadral; Karni, Edi - 2010
This paper extends the expected utility models of decision making under risk and under uncertainty to include incomplete beliefs and tastes. The main results are two axiomatizations of the multi-prior expected multi-utility representations of preference relation under uncertainty, thereby...
Persistent link: https://www.econbiz.de/10008689038
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Multiple temptations
Stovall, John E. - In: Econometrica : journal of the Econometric Society, an … 78 (2010) 1, pp. 349-376
Persistent link: https://www.econbiz.de/10003989258
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Ambiguity without a state space
Ahn, David S. - In: The review of economic studies 75 (2008) 1, pp. 3-28
Persistent link: https://www.econbiz.de/10003618015
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Evolution of non-expected utility preferences
Widekind, Sven von - 2008
Persistent link: https://www.econbiz.de/10003557326
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Efficiency, equity, and generalized Lorenz dominance
Kleiber, Christian; Krämer, Walter - 2000
We decompose the generalized Lorenz order into a size and a distribution component. The former is represented by stochastic dominance, the latter by the standard Lorenz order. We show that it is always possible, given generalized Lorenz dominance between two distributions F and G, to find...
Persistent link: https://www.econbiz.de/10001557033
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Expectations, preferences, and social risk taking
Schade, Philipp - 2017
Persistent link: https://www.econbiz.de/10012240608
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Evolution of Non-Expected Utility Preferences
Widekind, Sven (contributor) - 2008
The theory on the evolution of preferences deals with the endogenous formation of preference relations in strategic … situations. It is related to the field of evolutionary game theory. In this book we analyze the role and the influence of general …The theory on the evolution of preferences deals with the endogenous formation of preference relations in strategic …
Persistent link: https://www.econbiz.de/10013520896
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Evolution of Non-Expected Utility Preferences.
Widekind, Sven - 2008
The theory on the evolution of preferences deals with the endogenous formation of preference relations in strategic … situations. It is related to the field of evolutionary game theory. In this book we analyze the role and the influence of general …
Persistent link: https://www.econbiz.de/10012685094
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Expected utility theory with imprecise probability perception : explaining preference reversals
Bayrak, Oben K.; Hey, John Denis - In: Applied economics letters 24 (2017) 13/15, pp. 906-910
Persistent link: https://www.econbiz.de/10011714395
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Dynamic inconsistency under ambiguity : an experiment
Caferra, Rocco; Hey, John Denis; Morone, Andrea; … - In: Journal of risk and uncertainty 67 (2023) 3, pp. 215-238
Persistent link: https://www.econbiz.de/10014502508