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choices can be excluded on the basis of a decision maker's v. Neumann-Morgenstern utility function, her knowledge of past … normative theory as well. -- Bayesianism ; Bayesian learning ; decision theory ; expectations ; learning ; rational expectations … ; rationality ; rationalizability ; subjectively expected utility theory ; subjective probability …
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-dimensional decision outcomes, economic theory assumes a uni-dimensional utility measure. This paper reviews evidence from behavioral and …Although decision makers are often reported to have difficulties in making comparisons between multi … brain sciences to assess whether, and for what reasons, this assumption may be warranted. It is claimed that the decision …
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model generalizes many well known utility functions for intertemporal decision making under risk. A decision maker with a …We propose a novel utility representation for preferences over risky timed outcomes. The weighted temporal utility … weighted temporal utility function can have time consistent yet non-stationary preferences or stationary yet time inconsistent …
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