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according to a reference point established in an elicitation question. In particular, the utility that people place on a bundle …
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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 …, task effects, and context effects as they influence behavior. The expected utility hypothesis has come under scrutiny in …
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