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Using implicit expected utility theory, a money metric of utility derived from playing a lottery game is developed …. Output of the lottery sector can be defined as the difference in utility with and without the game. Using a kinked parametric …
Persistent link: https://www.econbiz.de/10012771827
Using implicit expected utility theory, a money metric of utility derived from playing a lottery game is developed …. Output of the lottery sector can be defined as the difference in utility with and without the game. Using a kinked parametric …
Persistent link: https://www.econbiz.de/10012464626
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Most would agree that priority setting is necessary to avoid a financial collapse in the health sector. It is much harder to find criteria how to do it. Discussions lead straight to the principles of decision making. But since all theories depend on assumptions given to make them work, debates...
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risk averse anymore even if utility from divisible consumption is concave. I propose a definition of insurance in the … mehr risikoscheu, auch wenn der Nutzen aus dem teilbaren Konsum konkav ist. Ich schlage eine Definition von Versicherung im …
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