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Axiomatic foundations of expected utility and subjective probability

Karni, Edi - 2014

Persistent link: https://www.econbiz.de/10010366845

Alternative utility functions : review, analysis and comparison

Harel, Arie; Francis, Jack Clark; Harpaz, Giora - In: Review of quantitative finance and accounting 51 (2018) 3, pp. 785-811

Persistent link: https://www.econbiz.de/10012038397

Cumulative prospect theory version with fuzzy values of outcome estimates

Uzhga-Rebrov, Oleg; Grabusts, Peter - In: Risks : open access journal 9 (2021) 4, pp. 1-16

choosing a solution is modeling the decision maker's attitude to risk. The expected utility theory was the first approach that … extensions of the original expected utility theory, and the analysis of the main properties of the cumulative prospect theory … even more effective approaches to solving this problem. Currently, the most developed theory of choice with respect to …

Persistent link: https://www.econbiz.de/10012508716

Chapter 1. Axiomatic Foundations of Expected Utility and Subjective Probability

Karni, Edi - In: Handbook of the economics of risk and uncertainty : volume 1, (pp. 1-39). 2014

This chapter provides a critical review of the theories of decision making under risk and under uncertainty and the notion of choice-based subjective probabilities. It includes formal statements and discussions of the various models, including their analytical frameworks, the corresponding...

Persistent link: https://www.econbiz.de/10014025531

Equal tails : a simple method to elicit utility under violations of expected utility

Baucells, Manel; Villasís, Antonio - In: Decision analysis : a journal of the Institute for … 12 (2015) 4, pp. 190-204

Persistent link: https://www.econbiz.de/10011421388

Stability of probability effects in utility elicitation

Löhndorf, Birgit; Sachs, Anna-Lena; Vetschera, Rudolf - In: Central European journal of operations research : CEJOR … 22 (2014) 4, pp. 755-777

Persistent link: https://www.econbiz.de/10010437168

Expected Utility with Uncertain Probabilities Theory

Izhakian, Yehuda (Yud) - 2020

This paper introduces a model of decision making under ambiguity by extending the Bayesian approach to uncertain probabilities. In this model, preferences for ambiguity pertain directly to probabilities such that attitude toward ambiguity is defined as attitude toward mean-preserving spreads in...

Persistent link: https://www.econbiz.de/10012857316

On the robustness of indeterminacy in subjective probability

Chew, Soo-Hong; Wang, Wenqian - In: Economics letters 188 (2020), pp. 1-3

Persistent link: https://www.econbiz.de/10012227825

A dual theory approach to estimating risk preferences in the parimutuel betting market

Suhonen, Niko; Saastamoinen, Jani; Lindén, Mikael - In: Empirical economics : a journal of the Institute for … 54 (2018) 3, pp. 1335-1351

Persistent link: https://www.econbiz.de/10011949530

Contracting probability distortions

Gonzalez Jimenez, Victor H. - 2018

Persistent link: https://www.econbiz.de/10011975781