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SSRN Electronic Journal, 2007
This is a chapter for the forthcoming Handbook of Rational and Social Choice, Paul Anand, Prasanta Pattanaik, and Clemens Puppe, eds., Oxford University Press, 2008. We review classic normative expected utility theory. Our goal is to frame the subsequent chapters (which consider more modern extensions to and deviations from this classic theory) in a ...
Simon Harold Grant, Timothy Van Zandt
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This is a chapter for the forthcoming Handbook of Rational and Social Choice, Paul Anand, Prasanta Pattanaik, and Clemens Puppe, eds., Oxford University Press, 2008. We review classic normative expected utility theory. Our goal is to frame the subsequent chapters (which consider more modern extensions to and deviations from this classic theory) in a ...
Simon Harold Grant, Timothy Van Zandt
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Coalitional Expected Multi‐Utility Theory
Econometrica, 2019This paper begins by observing that any reflexive binary (preference) relation (over risky prospects) that satisfies the independence axiom admits a form of expected utility representation. We refer to this representation notion as the coalitional minmax expected utility representation.
Hara, Kazuhiro, Ok, Efe A., Riella, Gil
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1998
Although we focus in Chap. 1 on various definitions of risk, recall that in the eyes of the investor, profitability is probably the main raison d’etre of investment. Thus, focusing on risk in our first chapter, by no means do we belittle this all-important function of investment. Our discussion of risk simply serves to emphasize that, in arriving at an
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Although we focus in Chap. 1 on various definitions of risk, recall that in the eyes of the investor, profitability is probably the main raison d’etre of investment. Thus, focusing on risk in our first chapter, by no means do we belittle this all-important function of investment. Our discussion of risk simply serves to emphasize that, in arriving at an
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2006
Expectation states theory is, in many ways, a textbook example of a theoretical research program. It is deductive, programmatic, formalized mathematically, cumulative, precise, and predictive; and its propositions have been subjected to rigorous evaluation.
Shelley J. Correll, Cecilia L. Ridgeway
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Expectation states theory is, in many ways, a textbook example of a theoretical research program. It is deductive, programmatic, formalized mathematically, cumulative, precise, and predictive; and its propositions have been subjected to rigorous evaluation.
Shelley J. Correll, Cecilia L. Ridgeway
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STIMULUS‐RESPONSE THEORY AND EXPECTANCY
British Journal of Psychology, 1960In the debate between ‘expectancy’ and ‘S‐R’ theory the latter has appeared to be objective and precise and the former vague. Since fairly detailed models have now been put forward for expectancy theory, the adequacy of ‘S‐R’ answers to ‘expectancy’ questions deserves re‐examination.
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1993
In ch. 2, I assumed expected utility theory in order to argue for utilitarianism. Here, I defend that theory. When an outcome is uncertain, the theory requires that we multiply its utility by its probability. This simple idea is analogous to computing the expected value of a gamble.
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In ch. 2, I assumed expected utility theory in order to argue for utilitarianism. Here, I defend that theory. When an outcome is uncertain, the theory requires that we multiply its utility by its probability. This simple idea is analogous to computing the expected value of a gamble.
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Expected Utility Theory with "Small Worlds" [PDF]
, 2004 expected utility, decision making under ...
Gyntelberg, J., Hansen, Frank
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Expectation Structural Theory — Expectation Emerges Through Meaning Assigned to the Future This paper redefines expectation not as an emotion but as astructural phenomenon generated through meaning-making toward the future.Expectation is an emotional vector created by the interaction of deficiency, meaning, and behavioral direction.
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