Similar Search Results

Utility Maximization, Choice and Preference

Aleskerov, Fuad (contributor); Bouyssou, Denis (contributor) - 2007 - Second Edition

The utility maximization paradigm forms the basis of many economic, psychological, cognitive and behavioral models. However, numerous examples have revealed the deficiencies of the concept. This book helps to overcome those deficiencies by taking into account insensitivity of measurement...

Persistent link: https://www.econbiz.de/10013520742

Independence, additivity, uncertainty

Vind, Karl - 2003

Persistent link: https://www.econbiz.de/10013391464

Attitudes towards uncertainty and randomization : an experimental study

Dominiak, Adam - 2009

Individuals exhibit a randomization preference if they prefer random mixtures of two bets to each of the involved bets. Such preferences provide the foundation of various models of uncertainty aversion. However, it has to our knowledge not been empirically investigated whether uncertainty-averse...

Persistent link: https://www.econbiz.de/10003916450

Separating the effects of beliefs and attitudes on pricing under ambiguity

Li, Wenhui; Wilde, Christian - 2021

regarding the realization likelihood of cash flows, the subjective attitude towards risk, and the attitude towards ambiguity …. While previous literature looks at the total price discount under ambiguity, this paper investigates with laboratory … belief effects, the risk premiums, and the ambiguity premiums from each other. Both methods lead to similar results: Overall …

Persistent link: https://www.econbiz.de/10012485093